Tudor Investment Corp ET AL Purchases Shares of 85,689 ARMOUR Residential REIT, Inc. $ARR

Key Points

• Tudor Investment Corp ET AL purchased a new stake of 85,689 shares of ARMOUR Residential REIT (NYSE:ARR) in Q3, worth about $1.28 million and representing roughly 0.08% of the company; institutional ownership stands near 54.17%.
• ARMOUR declared a monthly dividend of $0.24 per share (ex-dividend Apr 15, payable Apr 29), implying a 16.4% yield and a dividend payout ratio of about 105.5%, which may signal the payout exceeds current earnings.
• Analyst views are mixed — the consensus rating is "Hold" with a $18.17 price target — while the stock trades around $17.56 (market cap ~$2.16B, P/E 6.43) after narrowly missing quarterly EPS by $0.03.

Tudor Investment Corp ET AL purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,689 shares of the real estate investment trust's stock, valued at approximately $1,280,000. Tudor Investment Corp ET AL owned approximately 0.08% of ARMOUR Residential REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new position in shares of ARMOUR Residential REIT in the third quarter valued at $177,000. Danske Bank A S bought a new position in shares of ARMOUR Residential REIT in the third quarter valued at $42,000. Laurion Capital Management LP bought a new position in shares of ARMOUR Residential REIT in the third quarter valued at $556,000. PharVision Advisers LLC bought a new position in shares of ARMOUR Residential REIT in the third quarter valued at $164,000. Finally, Verition Fund Management LLC increased its holdings in shares of ARMOUR Residential REIT by 30.7% in the third quarter. Verition Fund Management LLC now owns 51,070 shares of the real estate investment trust's stock valued at $763,000 after buying an additional 11,998 shares in the last quarter. Institutional investors own 54.17% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Compass Point started coverage on ARMOUR Residential REIT in a report on Monday, December 15th. They issued a "buy" rating and a $18.50 price target on the stock. Zacks Research upgraded shares of ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a research report on Friday, March 20th. JonesTrading lowered their price objective on shares of ARMOUR Residential REIT from $20.50 to $20.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings cut shares of ARMOUR Residential REIT from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 20th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, ARMOUR Residential REIT currently has an average rating of "Hold" and a consensus price target of $18.17.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $17.56 on Tuesday. ARMOUR Residential REIT, Inc. has a twelve month low of $13.70 and a twelve month high of $19.31. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 6.43 and a beta of 1.42. The firm's 50 day moving average price is $17.34 and its two-hundred day moving average price is $17.11.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $236.50 million for the quarter, compared to analysts' expectations of $62.34 million. ARMOUR Residential REIT had a return on equity of 15.30% and a net margin of 40.31%. On average, research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 16.4%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently 105.49%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT NYSE: ARR is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company's investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.

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