Wolverine Asset Management LLC Takes $3.94 Million Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Key Points

• Wolverine Asset Management LLC acquired 230,238 shares of ARMOUR Residential REIT, worth approximately $3.94 million, bringing its total ownership to about 0.28% as of its latest filing.
• Vanguard Group Inc. significantly increased its stake in ARMOUR Residential REIT by 32%, now owning nearly 8 million shares valued at over $136 million.
• ARMOUR Residential REIT recently declared a $0.24 per share dividend to be paid on August 29, reflecting a substantial dividend yield of 1,720.0%.

Wolverine Asset Management LLC acquired a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 230,238 shares of the real estate investment trust's stock, valued at approximately $3,937,000. Wolverine Asset Management LLC owned 0.28% of ARMOUR Residential REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in ARMOUR Residential REIT by 32.0% in the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock worth $136,513,000 after acquiring an additional 1,937,070 shares during the period. Invesco Ltd. lifted its stake in ARMOUR Residential REIT by 86.3% in the fourth quarter. Invesco Ltd. now owns 1,628,903 shares of the real estate investment trust's stock worth $30,721,000 after acquiring an additional 754,582 shares during the period. Ameriprise Financial Inc. lifted its stake in ARMOUR Residential REIT by 486.7% in the fourth quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust's stock worth $15,352,000 after acquiring an additional 675,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ARMOUR Residential REIT by 1,204.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 350,145 shares of the real estate investment trust's stock worth $6,604,000 after acquiring an additional 323,298 shares during the period. Finally, Geode Capital Management LLC lifted its stake in ARMOUR Residential REIT by 13.6% in the fourth quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust's stock worth $24,611,000 after acquiring an additional 156,514 shares during the period. Hedge funds and other institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Down 1.1%

ARMOUR Residential REIT stock traded down $0.18 on Friday, hitting $15.64. 7,143,853 shares of the stock traded hands, compared to its average volume of 4,115,481. The firm has a market cap of $1.43 billion, a P/E ratio of -65.16 and a beta of 1.38. The business's fifty day simple moving average is $16.58 and its 200 day simple moving average is $17.01. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). The firm had revenue of $84.19 million for the quarter, compared to analysts' expectations of $52.77 million. ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. As a group, analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 1,720.0%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -1,200.00%.

Analyst Upgrades and Downgrades

ARR has been the subject of a number of research analyst reports. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $16.00 price target (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, ARMOUR Residential REIT has a consensus rating of "Hold" and an average price target of $16.00.

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.