Rhumbline Advisers Buys 31,133 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Rhumbline Advisers grew its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 19.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,792 shares of the real estate investment trust's stock after purchasing an additional 31,133 shares during the quarter. Rhumbline Advisers owned about 0.24% of ARMOUR Residential REIT worth $3,228,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ARR. GAMMA Investing LLC increased its holdings in shares of ARMOUR Residential REIT by 1,411.0% during the 1st quarter. GAMMA Investing LLC now owns 14,415 shares of the real estate investment trust's stock worth $2,460,000 after acquiring an additional 13,461 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ARMOUR Residential REIT during the 4th quarter worth approximately $190,000. Ameriflex Group Inc. acquired a new position in shares of ARMOUR Residential REIT during the 4th quarter worth approximately $143,000. Mackenzie Financial Corp acquired a new position in shares of ARMOUR Residential REIT during the 4th quarter worth approximately $330,000. Finally, Squarepoint Ops LLC increased its holdings in shares of ARMOUR Residential REIT by 54.0% during the 4th quarter. Squarepoint Ops LLC now owns 31,998 shares of the real estate investment trust's stock worth $603,000 after acquiring an additional 11,218 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ARR. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.00.

ARMOUR Residential REIT Price Performance

ARR traded up $0.37 during trading on Wednesday, hitting $16.57. The stock had a trading volume of 2,068,711 shares, compared to its average volume of 2,010,507. The company has a 50 day moving average price of $16.01 and a 200-day moving average price of $17.60. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -47.33 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to the consensus estimate of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. As a group, sell-side 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 declared a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.88 annualized dividend and a yield of 17.39%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -822.86%.

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.