ARMOUR Residential REIT, Inc. $ARR Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in ARMOUR Residential REIT by 9.7% during the first quarter, owning 680,908 shares valued at approximately $11.64 million.
• UBS Group lowered its target price for ARMOUR Residential REIT from $16.00 to $15.50 and maintained a "neutral" rating, while the stock currently has a consensus rating of "Hold."
• ARMOUR Residential REIT announced a dividend of $0.24 per share to be paid on September 29, with a significant yield of 1,902.0%.

Northern Trust Corp boosted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 680,908 shares of the real estate investment trust's stock after buying an additional 60,248 shares during the quarter. Northern Trust Corp owned approximately 0.83% of ARMOUR Residential REIT worth $11,644,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARR. Vanguard Group Inc. lifted its stake in 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 valued at $136,513,000 after buying an additional 1,937,070 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 valued at $15,352,000 after buying an additional 675,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ARMOUR Residential REIT by 1,204.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 350,145 shares of the real estate investment trust's stock valued at $6,604,000 after buying an additional 323,298 shares in the last quarter. Nuveen LLC purchased a new stake in ARMOUR Residential REIT in the 1st quarter valued at approximately $4,197,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of ARMOUR Residential REIT during the 1st quarter worth $3,937,000. Hedge funds and other institutional investors own 54.17% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group reduced their price target on ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.50.

ARMOUR Residential REIT Stock Down 1.1%

Shares of ARR stock traded down $0.17 on Wednesday, reaching $15.47. 3,012,519 shares of the stock were exchanged, compared to its average volume of 2,976,761. The stock has a market cap of $1.42 billion, a P/E ratio of -64.43 and a beta of 1.39. The firm has a 50 day moving average of $15.95 and a two-hundred day moving average of $16.44. 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 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 firm 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 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

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

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.