MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $15.92 Million Holdings in ARMOUR Residential REIT, Inc. $ARR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ARMOUR Residential REIT by 165.8%, owning 930,829 shares valued at approximately $15.9 million.
• ARMOUR Residential REIT's stock fell by 1.3% to trade at $15.26, with analysts noting a shifting consensus rating to "Hold" and a revised target price of $15.50.
• The company will pay a $0.24 per share dividend on September 29, representing an extraordinary dividend yield of 1,902.0%, with a significantly negative dividend payout ratio.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 165.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 930,829 shares of the real estate investment trust's stock after buying an additional 580,684 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.14% of ARMOUR Residential REIT worth $15,917,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of ARMOUR Residential REIT by 32.0% in the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock worth $136,513,000 after purchasing an additional 1,937,070 shares during the last quarter. Invesco Ltd. grew its holdings in shares of ARMOUR Residential REIT by 4.3% in the 1st quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust's stock worth $29,045,000 after purchasing an additional 69,618 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of ARMOUR Residential REIT by 486.7% in the 4th quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust's stock worth $15,352,000 after purchasing an additional 675,259 shares during the last quarter. Northern Trust Corp grew its holdings in shares of ARMOUR Residential REIT by 9.7% in the 1st quarter. Northern Trust Corp now owns 680,908 shares of the real estate investment trust's stock worth $11,644,000 after purchasing an additional 60,248 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of ARMOUR Residential REIT by 24.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 621,548 shares of the real estate investment trust's stock worth $10,628,000 after purchasing an additional 121,806 shares during the last quarter. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Up 0.6%

NYSE ARR traded up $0.09 on Friday, hitting $15.33. 3,962,344 shares of the company were exchanged, compared to its average volume of 3,023,952. The firm has a 50 day moving average of $15.92 and a two-hundred day moving average of $16.42. The company has a market cap of $1.40 billion, a P/E ratio of -63.87 and a beta of 1.39. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates 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 firm also recently announced a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, September 15th. This represents a yield of 1,902.0%. ARMOUR Residential REIT's dividend payout ratio is presently -1,200.00%.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their target price on shares of ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating on the stock in a report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.50.

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.