Stephens Inc. AR Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Stephens Inc. AR purchased a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,580 shares of the real estate investment trust's stock, valued at approximately $284,000.

Several other institutional investors have also recently made changes to their positions in ARR. Charles Schwab Investment Management Inc. boosted its position in ARMOUR Residential REIT by 10.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust's stock worth $9,425,000 after purchasing an additional 47,256 shares during the period. Victory Capital Management Inc. bought a new position in ARMOUR Residential REIT during the fourth quarter worth $196,000. Proficio Capital Partners LLC bought a new position in ARMOUR Residential REIT during the fourth quarter worth $419,000. Natixis Advisors LLC bought a new position in ARMOUR Residential REIT during the fourth quarter worth $210,000. Finally, Thrivent Financial for Lutherans boosted its position in ARMOUR Residential REIT by 12.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 43,100 shares of the real estate investment trust's stock worth $813,000 after purchasing an additional 4,804 shares during the period. Institutional investors and hedge funds own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Performance

ARR opened at $16.48 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of -47.09 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $21.60. The business's fifty day moving average is $16.57 and its 200-day moving average is $17.24.

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 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $75.29 million for the quarter, compared to analyst estimates of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. On average, research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company 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 $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $2.88 annualized dividend and a yield of 17.48%. ARMOUR Residential REIT's dividend payout ratio is presently -822.86%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Finally, UBS Group reaffirmed 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. 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.50.

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.

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