ARMOUR Residential REIT, Inc. $ARR Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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. increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 165.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 930,829 shares of the real estate investment trust's stock after purchasing 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 filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter worth $143,000. US Bancorp DE raised its holdings in shares of ARMOUR Residential REIT by 56.2% in the first quarter. US Bancorp DE now owns 8,875 shares of the real estate investment trust's stock worth $152,000 after acquiring an additional 3,194 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of ARMOUR Residential REIT in the first quarter valued at $178,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ARMOUR Residential REIT in the first quarter valued at $181,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of ARMOUR Residential REIT in the first quarter valued at $182,000. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

ARR stock traded up $0.09 during trading on Friday, reaching $15.33. 3,962,978 shares of the stock traded hands, compared to its average volume of 2,978,916. The business's 50 day moving average price is $15.89 and its 200-day moving average price is $16.36. The firm has a market capitalization of $1.40 billion, a PE ratio of -63.87 and a beta of 1.39. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). The company had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.24 dividend. The ex-dividend date is Monday, September 15th. This represents a dividend yield of 1,902.0%. ARMOUR Residential REIT's payout ratio is -1,200.00%.

Wall Street Analyst Weigh In

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

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.