Segall Bryant & Hamill LLC Raises Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Segall Bryant & Hamill LLC boosted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,226 shares of the real estate investment trust's stock after acquiring an additional 18,215 shares during the period. Segall Bryant & Hamill LLC owned 0.14% of ARMOUR Residential REIT worth $1,987,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in ARMOUR Residential REIT by 22.3% in the 1st quarter. Victory Capital Management Inc. now owns 12,706 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 2,314 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of ARMOUR Residential REIT by 33.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the real estate investment trust's stock worth $616,000 after acquiring an additional 9,000 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of ARMOUR Residential REIT in the 1st quarter worth approximately $284,000. Mutual of America Capital Management LLC acquired a new position in shares of ARMOUR Residential REIT in the 1st quarter worth approximately $190,000. Finally, Arizona State Retirement System lifted its holdings in shares of ARMOUR Residential REIT by 13.0% in the 1st quarter. Arizona State Retirement System now owns 15,994 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 1,841 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock traded down $0.11 during midday trading on Friday, hitting $16.48. 1,778,086 shares of the company's stock were exchanged, compared to its average volume of 2,155,803. The firm's 50 day simple moving average is $16.57 and its 200 day simple moving average is $17.24. ARMOUR Residential REIT, Inc. has a 12-month low of $13.18 and a 12-month high of $21.60. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -47.09 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The firm had revenue of $75.29 million for the quarter, compared to the consensus estimate of $18.59 million. ARMOUR Residential REIT had a negative net margin of 0.27% and a positive return on equity of 16.42%. On average, equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 17.48%. The ex-dividend date is Tuesday, July 15th. ARMOUR Residential REIT's payout ratio is currently -822.86%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARR. UBS Group restated a "neutral" rating and issued a $16.00 price objective (up from $14.00) on shares of ARMOUR Residential REIT in a report on Thursday, July 10th. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. Finally, Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $18.50.

ARMOUR Residential REIT 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.