Global Assets Advisory LLC Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Global Assets Advisory LLC acquired a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,520 shares of the real estate investment trust's stock, valued at approximately $573,000.

A number of other institutional investors have also recently bought and sold shares of ARR. Private Trust Co. NA bought a new position in ARMOUR Residential REIT in the 4th quarter valued at $28,000. Sterling Capital Management LLC grew its stake in ARMOUR Residential REIT by 927.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,596 shares during the period. Russell Investments Group Ltd. grew its stake in ARMOUR Residential REIT by 35.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 702 shares during the period. C M Bidwell & Associates Ltd. bought a new position in ARMOUR Residential REIT in the 4th quarter valued at $75,000. Finally, Summit Investment Advisors Inc. grew its stake in ARMOUR Residential REIT by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 777 shares during the period. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Down 0.6%

Shares of ARR stock traded down $0.10 on Friday, hitting $16.60. 5,806,711 shares of the stock were exchanged, compared to its average volume of 2,069,378. The firm has a market capitalization of $1.36 billion, a PE ratio of -47.41 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93. The firm's 50 day moving average is $16.34 and its two-hundred day moving average is $17.44.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $75.29 million during the quarter, compared to the consensus estimate of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. On average, sell-side analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $2.88 annualized dividend and a dividend yield of 17.35%. ARMOUR Residential REIT's payout ratio is -822.86%.

Analyst Ratings Changes

A number of brokerages have issued reports on ARR. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.00.

About ARMOUR Residential REIT

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.