Bank of New York Mellon Corp Buys 55,743 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Bank of New York Mellon Corp boosted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 17.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 373,128 shares of the real estate investment trust's stock after buying an additional 55,743 shares during the period. Bank of New York Mellon Corp owned 0.46% of ARMOUR Residential REIT worth $6,380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in ARMOUR Residential REIT by 40.2% during the first quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust's stock valued at $6,484,000 after buying an additional 108,769 shares during the period. Norges Bank purchased a new position in ARMOUR Residential REIT in the 4th quarter worth approximately $2,619,000. Bank of America Corp DE raised its stake in shares of ARMOUR Residential REIT by 25.3% in the fourth quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust's stock worth $1,975,000 after purchasing an additional 21,177 shares during the last quarter. Rhumbline Advisers raised its stake in shares of ARMOUR Residential REIT by 19.7% in the first quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock worth $3,228,000 after purchasing an additional 31,133 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in ARMOUR Residential REIT by 17.4% in the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock worth $114,031,000 after buying an additional 895,433 shares during the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ARR shares. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. Jones Trading restated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Finally, UBS Group restated a "neutral" rating and set a $16.00 target price (up previously from $14.00) on shares of ARMOUR Residential REIT in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.50.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock traded up $0.12 during trading hours on Friday, hitting $16.81. The company had a trading volume of 3,133,909 shares, compared to its average volume of 2,849,133. The firm has a market cap of $1.54 billion, a P/E ratio of -70.02 and a beta of 1.36. The company has a 50-day moving average price of $16.55 and a two-hundred day moving average price of $17.15. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The firm had revenue of $84.19 million during the quarter, compared to analysts' expectations of $52.77 million. As a group, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.24 dividend. This represents a yield of 17.2%. The ex-dividend date is Friday, August 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -1,200.00%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.