Graham Capital Management L.P. Grows Position in ARMOUR Residential REIT, Inc. $ARR

Key Points

• Graham Capital Management L.P. increased its stake in ARMOUR Residential REIT by 50.4%, owning a total of 64,622 shares worth approximately $1.1 million.
• ARMOUR Residential REIT reported a Q2 EPS of $0.77, missing the consensus estimate of $0.81, while revenue surpassed expectations at $84.19 million.
• The company will pay a $0.24 dividend on September 29th, with a yield of 1,902.0%, though its dividend payout ratio currently stands at an unusually high negative value of -1,200.00%.

Graham Capital Management L.P. grew its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 50.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,622 shares of the real estate investment trust's stock after purchasing an additional 21,659 shares during the quarter. Graham Capital Management L.P. owned approximately 0.08% of ARMOUR Residential REIT worth $1,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in ARMOUR Residential REIT by 32.0% during the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock worth $136,513,000 after acquiring an additional 1,937,070 shares in the last quarter. Invesco Ltd. raised its stake in ARMOUR Residential REIT by 4.3% during the 1st quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust's stock worth $29,045,000 after acquiring an additional 69,618 shares in the last quarter. Ameriprise Financial Inc. raised its stake in ARMOUR Residential REIT by 486.7% during the 4th quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust's stock worth $15,352,000 after acquiring an additional 675,259 shares in the last quarter. Northern Trust Corp raised its stake in ARMOUR Residential REIT by 9.7% during the 1st quarter. Northern Trust Corp now owns 680,908 shares of the real estate investment trust's stock worth $11,644,000 after acquiring an additional 60,248 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in ARMOUR Residential REIT by 24.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 621,548 shares of the real estate investment trust's stock worth $10,628,000 after acquiring an additional 121,806 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on shares of ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating on the stock in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.50.

ARMOUR Residential REIT Price Performance

ARR traded down $0.07 during midday trading on Tuesday, reaching $15.65. 1,429,740 shares of the company's stock were exchanged, compared to its average volume of 2,998,508. The stock has a market capitalization of $1.43 billion, a PE ratio of -65.23 and a beta of 1.39. The business's 50-day moving average price is $16.00 and its 200 day moving average price is $16.46. 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 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). The business had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. As a group, analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.24 dividend. This represents a yield of 1,902.0%. The ex-dividend date is Monday, September 15th. ARMOUR Residential REIT's payout ratio 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.