Global Assets Advisory LLC Purchases Shares of 33,520 ARMOUR Residential REIT, Inc. (NYSE:ARR)

Global Assets Advisory LLC purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 33,520 shares of the real estate investment trust's stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA bought a new stake in ARMOUR Residential REIT in the 4th quarter valued at $28,000. Sterling Capital Management LLC boosted its stake in shares of 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 in the last quarter. Russell Investments Group Ltd. lifted its position in ARMOUR Residential REIT by 35.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock worth $51,000 after buying an additional 702 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in ARMOUR Residential REIT during the 4th quarter worth about $75,000. Finally, Summit Investment Advisors Inc. lifted its position in ARMOUR Residential REIT by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock worth $111,000 after buying an additional 777 shares in the last quarter. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Up 0.1%

Shares of NYSE:ARR opened at $16.49 on Thursday. The stock has a market capitalization of $1.35 billion, a P/E ratio of -47.11 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.93. The business has a 50-day moving average price of $16.25 and a two-hundred day moving average price of $17.51.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $75.29 million during the quarter, compared to analysts' expectations of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. As a group, equities analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 17.47%. The ex-dividend date is Tuesday, July 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -822.86%.

Analyst Ratings Changes

ARR has been the topic of several research reports. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, ARMOUR Residential REIT currently has an average rating of "Hold" and a consensus target price of $21.00.

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.

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