MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 1,204.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 350,145 shares of the real estate investment trust's stock after purchasing an additional 323,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.63% of ARMOUR Residential REIT worth $6,604,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA bought a new stake in ARMOUR Residential REIT in the fourth quarter worth $28,000. Sterling Capital Management LLC increased its position in ARMOUR Residential REIT by 927.9% in the fourth 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 during the last quarter. Russell Investments Group Ltd. increased its position in ARMOUR Residential REIT by 35.2% in the fourth 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 during the last quarter. KBC Group NV increased its position in ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 1,874 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in ARMOUR Residential REIT in the fourth quarter worth $75,000. Institutional investors own 54.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. 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. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a "neutral" rating on the stock. Finally, Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.50.

ARMOUR Residential REIT Trading Up 0.2%

Shares of NYSE ARR traded up $0.03 during mid-day trading on Friday, reaching $15.98. The company had a trading volume of 1,735,226 shares, compared to its average volume of 1,929,845. The business's 50-day moving average is $16.11 and its 200-day moving average is $17.90. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -37.15 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93.

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 analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $75.29 million for 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%. As a group, equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 18.03%. The ex-dividend date of this dividend is Thursday, May 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -822.86%.

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.