Freestone Grove Partners LP Buys New Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Freestone Grove Partners LP acquired a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 71,283 shares of the real estate investment trust's stock, valued at approximately $1,344,000. Freestone Grove Partners LP owned 0.13% of ARMOUR Residential REIT at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARR. Barclays PLC lifted its holdings in shares of ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after acquiring an additional 93,397 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ARMOUR Residential REIT by 70.3% in the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock valued at $1,448,000 after acquiring an additional 29,306 shares during the last quarter. Norges Bank acquired a new position in shares of ARMOUR Residential REIT in the 4th quarter worth approximately $2,619,000. Proficio Capital Partners LLC acquired a new stake in ARMOUR Residential REIT during the 4th quarter valued at $419,000. Finally, Van ECK Associates Corp raised its position in ARMOUR Residential REIT by 36.7% in the 4th quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust's stock valued at $8,485,000 after purchasing an additional 120,718 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Price Performance

NYSE ARR traded down $0.05 on Tuesday, hitting $16.11. 1,851,241 shares of the stock were exchanged, compared to its average volume of 1,842,578. The business's fifty day moving average is $16.72 and its 200 day moving average is $18.14. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93. The company has a market capitalization of $1.32 billion, a PE ratio of -37.46 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 16.00% and a negative net margin of 2.61%. The company had revenue of $75.29 million for the quarter, compared to analysts' expectations of $18.59 million. Analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.88%. ARMOUR Residential REIT's payout ratio is presently -822.86%.

Analysts Set New Price Targets

ARR has been the topic of a number of research reports. BTIG Research began coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They set a "neutral" rating on the stock. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. Finally, JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $20.50.

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.