LPL Financial LLC Boosts Stake in ARMOUR Residential REIT, Inc. $ARR

Key Points

• LPL Financial LLC increased its stake in ARMOUR Residential REIT by 38.1%, acquiring 27,915 shares and bringing its total ownership to 101,267 shares valued at approximately $1.73 million.
• ARMOUR Residential REIT's stock price opened at $14.7450, with a 52-week range between $13.18 and $21.08.
• The company reported quarterly earnings showing an EPS of $0.77, which fell short of analysts' expectations, alongside a significant dividend announcement of $0.24 per share, creating an extremely high yield of 1,720.0%.

LPL Financial LLC lifted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 38.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,267 shares of the real estate investment trust's stock after purchasing an additional 27,915 shares during the quarter. LPL Financial LLC owned about 0.12% of ARMOUR Residential REIT worth $1,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARR. Sterling Capital Management LLC boosted its position in shares of ARMOUR Residential REIT by 927.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,596 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of 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 purchasing an additional 702 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of 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 purchasing an additional 777 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of ARMOUR Residential REIT during the 4th quarter worth about $143,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of ARMOUR Residential REIT during the 1st quarter worth about $181,000. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Down 0.4%

NYSE ARR traded down $0.07 during trading hours on Wednesday, hitting $15.08. The company's stock had a trading volume of 2,539,793 shares, compared to its average volume of 4,901,414. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.08. The company has a market capitalization of $1.38 billion, a PE ratio of -62.81 and a beta of 1.38. The company's 50-day simple moving average is $16.18 and its two-hundred day simple moving average is $16.69.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The business had revenue of $84.19 million during the quarter, compared to the consensus estimate of $52.77 million. Research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.24 dividend. ARMOUR Residential REIT's dividend payout ratio (DPR) is -1,200.00%.

Analyst Ratings Changes

Separately, UBS Group reaffirmed a "neutral" rating and issued a $16.00 price target (up previously from $14.00) on shares of ARMOUR Residential REIT in a research report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.00.

About ARMOUR Residential REIT

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.