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

Mackenzie Financial Corp bought a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,523 shares of the real estate investment trust's stock, valued at approximately $330,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its position in shares of ARMOUR Residential REIT by 54.0% in the 4th quarter. Squarepoint Ops LLC now owns 31,998 shares of the real estate investment trust's stock valued at $603,000 after purchasing an additional 11,218 shares during the period. Two Sigma Advisers LP acquired a new stake in ARMOUR Residential REIT during the 4th quarter worth about $641,000. State of Wyoming purchased a new stake in ARMOUR Residential REIT during the fourth quarter valued at about $313,000. ProShare Advisors LLC boosted its holdings in shares of ARMOUR Residential REIT by 65.2% in the fourth quarter. ProShare Advisors LLC now owns 16,901 shares of the real estate investment trust's stock worth $319,000 after buying an additional 6,673 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ARMOUR Residential REIT by 1,204.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 350,145 shares of the real estate investment trust's stock worth $6,604,000 after acquiring an additional 323,298 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Trading Up 0.2%

NYSE:ARR traded up $0.04 on Friday, hitting $16.57. 1,703,116 shares of the company's stock traded hands, compared to its average volume of 1,972,419. The company has a market cap of $1.35 billion, a PE ratio of -38.53 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.93. The firm has a 50-day moving average price of $15.79 and a 200-day moving average price of $17.70.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to analysts' expectations of $18.59 million. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. On average, research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ARR shares. BTIG Research began coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. Finally, Wall Street Zen cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.00.

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.