Nuveen LLC Buys New Position in ARMOUR Residential REIT, Inc. $ARR

Key Points

• Nuveen LLC has acquired a new stake in ARMOUR Residential REIT, purchasing 245,458 shares valued at approximately $4.2 million, amounting to 0.30% ownership.
• Several institutional investors, including Principal Financial Group and Bank of America, have significantly increased their holdings in ARMOUR Residential REIT during the first quarter.
• ARMOUR Residential REIT announced a dividend of $0.24 per share, set to be paid on August 29th, with an exceptionally high yield of 1,720.0%.

Nuveen LLC purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 245,458 shares of the real estate investment trust's stock, valued at approximately $4,197,000. Nuveen LLC owned about 0.30% of ARMOUR Residential REIT as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ARR. Principal Financial Group Inc. increased its holdings in shares of ARMOUR Residential REIT by 40.2% during the 1st quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust's stock worth $6,484,000 after buying an additional 108,769 shares during the last quarter. Bank of America Corp DE increased its stake in ARMOUR Residential REIT by 25.3% during the fourth quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust's stock worth $1,975,000 after acquiring an additional 21,177 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of ARMOUR Residential REIT by 19.7% in the 1st quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock worth $3,228,000 after purchasing an additional 31,133 shares during the period. Vanguard Group Inc. raised 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 period. Finally, Wolverine Asset Management LLC acquired a new position in shares of ARMOUR Residential REIT in the 1st quarter valued at about $3,937,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Price Performance

Shares of ARR stock traded up $0.18 on Monday, hitting $15.32. 2,776,367 shares of the stock traded hands, compared to its average volume of 4,829,087. The company's fifty day moving average is $16.11 and its 200 day moving average is $16.58. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.08. The company has a market capitalization of $1.40 billion, a PE ratio of -63.83 and a beta of 1.39.

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). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.The business had revenue of $84.19 million during the quarter, compared to analyst estimates of $52.77 million. As a group, equities research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS 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. 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 of this dividend is Monday, September 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is -1,200.00%.

Wall Street Analysts Forecast Growth

Separately, UBS Group reissued a "neutral" rating and set a $16.00 target price (up previously from $14.00) on shares of ARMOUR Residential REIT in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $16.00.

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.