State of Wyoming Makes New $313,000 Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

State of Wyoming purchased a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,619 shares of the real estate investment trust's stock, valued at approximately $313,000.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC raised its position in shares of ARMOUR Residential REIT by 300.6% during the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after purchasing an additional 93,397 shares during the period. JPMorgan Chase & Co. raised its position in shares of ARMOUR Residential REIT by 70.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock valued at $1,448,000 after purchasing an additional 29,306 shares during the period. Nisa Investment Advisors LLC raised its position in shares of ARMOUR Residential REIT by 75.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 52,478 shares of the real estate investment trust's stock valued at $990,000 after purchasing an additional 22,500 shares during the period. KBC Group NV raised its position in shares of ARMOUR Residential REIT by 117.8% during the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock valued at $65,000 after purchasing an additional 1,874 shares during the period. Finally, Yousif Capital Management LLC raised its position in shares of ARMOUR Residential REIT by 12.1% during the 4th quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust's stock valued at $393,000 after purchasing an additional 2,253 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARR has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They set a "neutral" rating for the company. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Trading Down 0.5%

ARR traded down $0.08 during trading on Tuesday, hitting $15.90. 473,647 shares of the company traded hands, compared to its average volume of 1,928,341. The company has a market cap of $1.30 billion, a PE ratio of -36.90 and a beta of 1.36. The stock's 50-day simple moving average is $16.06 and its two-hundred day simple moving average is $17.86. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued 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. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. The business had revenue of $75.29 million during the quarter, compared to analysts' expectations of $18.59 million. Equities 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 disclosed a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 18.12%. ARMOUR Residential REIT's payout ratio is currently -822.86%.

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.