Simplicity Wealth LLC Invests $2 Million in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Simplicity Wealth LLC acquired a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 117,084 shares of the real estate investment trust's stock, valued at approximately $2,002,000. Simplicity Wealth LLC owned 0.15% of ARMOUR Residential REIT as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in shares of ARMOUR Residential REIT in the fourth quarter worth about $28,000. Sterling Capital Management LLC boosted its stake in shares of ARMOUR Residential REIT by 927.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 1,596 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 702 shares during the period. KBC Group NV boosted its stake in ARMOUR Residential REIT by 117.8% during the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 1,874 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in ARMOUR Residential REIT during the fourth quarter valued at approximately $75,000. Institutional investors own 54.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARR. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Finally, Wall Street Zen lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ARMOUR Residential REIT currently has a consensus rating of "Hold" and a consensus price target of $21.00.

ARMOUR Residential REIT Stock Down 0.8%

ARMOUR Residential REIT stock traded down $0.14 during midday trading on Friday, reaching $16.76. 2,470,398 shares of the stock traded hands, compared to its average volume of 2,000,754. The stock has a market cap of $1.37 billion, a P/E ratio of -38.97 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93. The stock's fifty day moving average is $15.92 and its 200-day moving average is $17.64.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. On average, equities analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 17.18%. The ex-dividend date of this dividend is Monday, June 16th. ARMOUR Residential REIT's payout ratio is -822.86%.

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.