Invesco Ltd. Has $29.05 Million Stake in ARMOUR Residential REIT, Inc. $ARR

Key Points

• Invesco Ltd. increased its holdings in ARMOUR Residential REIT by 4.3% in Q1, owning 1,698,521 shares worth approximately $29 million.
• Several hedge funds also expanded their positions in ARMOUR, with Principal Financial Group boosting its stake by 40.2% during the same quarter.
• ARMOUR Residential REIT announced a $0.24 dividend to be paid on August 29, representing a remarkable yield of 1,720%.

Invesco Ltd. increased its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,698,521 shares of the real estate investment trust's stock after buying an additional 69,618 shares during the period. Invesco Ltd. owned 2.08% of ARMOUR Residential REIT worth $29,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in ARMOUR Residential REIT by 32.0% during 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 purchasing an additional 1,937,070 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of 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 during the period. Charles Schwab Investment Management Inc. increased its stake in ARMOUR Residential REIT by 24.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 621,548 shares of the real estate investment trust's stock valued at $10,628,000 after acquiring an additional 121,806 shares during the last quarter. Northern Trust Corp raised its position in ARMOUR Residential REIT by 19.1% during the fourth quarter. Northern Trust Corp now owns 620,660 shares of the real estate investment trust's stock valued at $11,706,000 after purchasing an additional 99,669 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of ARMOUR Residential REIT by 40.2% during the 1st quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust's stock worth $6,484,000 after buying an additional 108,769 shares during the last quarter. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Up 3.1%

ARR stock traded up $0.4550 during trading on Friday, hitting $15.1950. The company had a trading volume of 4,037,182 shares, compared to its average volume of 4,931,279. The stock has a market cap of $1.39 billion, a PE 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 $16.77. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly 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). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.The firm had revenue of $84.19 million during the quarter, compared to analyst estimates of $52.77 million. Research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued 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 (DPR) is presently -1,200.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ARR shares. 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 reiterated a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Finally, UBS Group reissued a "neutral" rating and set a $16.00 price objective (up previously from $14.00) on shares of ARMOUR Residential REIT in a report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.