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

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of ARMOUR Residential REIT by 40.2% during the first quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust's stock valued at $6,484,000 after purchasing an additional 108,769 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of ARMOUR Residential REIT by 25.3% during the fourth quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust's stock valued at $1,975,000 after purchasing an additional 21,177 shares during the last quarter. Rhumbline Advisers lifted its stake in ARMOUR Residential REIT by 19.7% in the 1st quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock worth $3,228,000 after acquiring an additional 31,133 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in ARMOUR Residential REIT in the 1st quarter worth about $3,937,000. Finally, XTX Topco Ltd purchased a new stake in ARMOUR Residential REIT in the 4th quarter worth about $437,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Down 0.9%

Shares of ARR traded down $0.14 during midday trading on Monday, reaching $15.05. 2,176,781 shares of the stock were exchanged, compared to its average volume of 4,976,407. ARMOUR Residential REIT, Inc. has a 12-month low of $13.18 and a 12-month high of $21.08. The firm has a 50 day simple moving average of $16.23 and a 200-day simple moving average of $16.71. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -62.71 and a beta of 1.38.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share 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 for the quarter, compared to analysts' expectations of $52.77 million. Research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 1,720.0%. ARMOUR Residential REIT's dividend payout ratio is currently -1,200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group reissued a "neutral" rating and issued a $16.00 price objective (up from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. 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.com, ARMOUR Residential REIT presently has an average rating of "Hold" and an average target price of $16.00.

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.