Graham Capital Management L.P. Boosts Holdings 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. increased its stake 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 & Exchange Commission. The fund owned 64,622 shares of the real estate investment trust's stock after acquiring 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 quarter.

Other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $143,000. US Bancorp DE increased its holdings in ARMOUR Residential REIT by 56.2% during the 1st quarter. US Bancorp DE now owns 8,875 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 3,194 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of ARMOUR Residential REIT during the first quarter worth $178,000. Cambridge Investment Research Advisors Inc. bought a new position in ARMOUR Residential REIT in the first quarter valued at $181,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in ARMOUR Residential REIT in the first quarter worth about $182,000. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Performance

Shares of ARMOUR Residential REIT stock traded down $0.13 on Monday, hitting $15.70. The company had a trading volume of 2,414,002 shares, compared to its average volume of 3,002,544. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -65.31 and a beta of 1.39. The stock has a 50 day moving average of $16.02 and a 200-day moving average of $16.48. 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 released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.The company had revenue of $84.19 million during the quarter, compared to analysts' expectations of $52.77 million. Equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.24 dividend. The ex-dividend date is Monday, September 15th. This represents a yield of 1,902.0%. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -1,200.00%.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price target on shares of ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, ARMOUR Residential REIT currently has a consensus rating of "Hold" and an average price target of $15.50.

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.