Charles Schwab Investment Management Inc. Has $10.63 Million Position in ARMOUR Residential REIT, Inc. $ARR

Key Points

• Charles Schwab Investment Management Inc. increased its stake in ARMOUR Residential REIT by 24.4%, owning a total of 621,548 shares valued at approximately $10.63 million.
• Several hedge funds, including Vanguard Group Inc. and PNC Financial Services Group Inc., have also significantly increased their holdings in ARMOUR Residential REIT during the first quarter.
• The company reported earnings of $0.77 per share, missing consensus estimates, and announced a dividend of $0.24 per share with an impressive yield of 1,720.0%.

Charles Schwab Investment Management Inc. increased its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 24.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 621,548 shares of the real estate investment trust's stock after buying an additional 121,806 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of ARMOUR Residential REIT worth $10,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in ARMOUR Residential REIT by 32.0% in the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock worth $136,513,000 after buying an additional 1,937,070 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in ARMOUR Residential REIT by 80.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,881 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 5,304 shares during the last quarter. US Bancorp DE grew its holdings in ARMOUR Residential REIT by 56.2% during the first quarter. US Bancorp DE now owns 8,875 shares of the real estate investment trust's stock valued at $152,000 after purchasing an additional 3,194 shares during the last quarter. Natixis Advisors LLC grew its holdings in ARMOUR Residential REIT by 22.9% during the first quarter. Natixis Advisors LLC now owns 13,678 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 2,551 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in ARMOUR Residential REIT by 46.0% during the first quarter. Mackenzie Financial Corp now owns 25,587 shares of the real estate investment trust's stock valued at $438,000 after purchasing an additional 8,064 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Up 3.1%

ARR opened at $15.1950 on Monday. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.08. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -63.31 and a beta of 1.38. The business has a 50 day moving average of $16.26 and a 200-day moving average of $16.74.

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

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.24 per share. This represents a yield of 1,720.0%. The ex-dividend date is Friday, August 15th. ARMOUR Residential REIT's dividend payout ratio is currently -1,200.00%.

Analysts Set New Price Targets

ARR has been the topic of several analyst reports. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. UBS Group reiterated a "neutral" rating and set a $16.00 price target (up previously from $14.00) on shares of ARMOUR Residential REIT in a report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.00.

ARMOUR Residential REIT 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.

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