Mackenzie Financial Corp Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Mackenzie Financial Corp purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,523 shares of the real estate investment trust's stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 702 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in ARMOUR Residential REIT by 15.3% during the fourth 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 during the last quarter. Kovack Advisors Inc. boosted its position in ARMOUR Residential REIT by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust's stock worth $412,000 after purchasing an additional 1,003 shares in the last quarter. Bank of Montreal Can grew its holdings in ARMOUR Residential REIT by 12.3% in the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust's stock valued at $226,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in ARMOUR Residential REIT by 14.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 1,481 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ARR shares. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a "neutral" rating for the company. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Finally, Wall Street Zen cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ARMOUR Residential REIT presently has a consensus rating of "Hold" and an average target price of $20.50.

ARMOUR Residential REIT Stock Performance

ARR stock traded up $0.04 during trading on Friday, hitting $16.57. The stock had a trading volume of 1,703,055 shares, compared to its average volume of 1,961,944. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -38.53 and a beta of 1.37. The company's 50 day moving average price is $15.79 and its two-hundred day moving average price is $17.73. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. The business had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. As a group, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.38%. The ex-dividend date is Monday, June 16th. ARMOUR Residential REIT's dividend payout ratio is presently -822.86%.

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.