JPMorgan Chase & Co. Buys 75,736 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

JPMorgan Chase & Co. lifted its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 106.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,706 shares of the real estate investment trust's stock after acquiring an additional 75,736 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of ARMOUR Residential REIT worth $2,767,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ARR. Segall Bryant & Hamill LLC acquired a new position in ARMOUR Residential REIT during the 4th quarter worth about $1,848,000. Corebridge Financial Inc. lifted its holdings in ARMOUR Residential REIT by 6.1% during the 4th quarter. Corebridge Financial Inc. now owns 29,857 shares of the real estate investment trust's stock worth $563,000 after buying an additional 1,715 shares during the period. Vanguard Group Inc. lifted its holdings in ARMOUR Residential REIT by 17.4% during the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock worth $114,031,000 after buying an additional 895,433 shares during the period. LPL Financial LLC lifted its holdings in ARMOUR Residential REIT by 140.3% during the 4th quarter. LPL Financial LLC now owns 73,352 shares of the real estate investment trust's stock worth $1,383,000 after buying an additional 42,823 shares during the period. Finally, Simplify Asset Management Inc. lifted its holdings in ARMOUR Residential REIT by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 27,500 shares of the real estate investment trust's stock worth $519,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 54.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARR shares. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday. BTIG Research started coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating for the company. B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.50.

ARMOUR Residential REIT Trading Up 2.8 %

ARMOUR Residential REIT stock traded up $0.44 during midday trading on Monday, reaching $16.43. The stock had a trading volume of 3,721,294 shares, compared to its average volume of 1,811,947. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93. The company has a market capitalization of $1.34 billion, a P/E ratio of -38.21 and a beta of 1.23. The company has a fifty day moving average price of $16.97 and a two-hundred day moving average price of $18.26.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, beating 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 business had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. On average, equities 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 business also recently announced a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a $0.24 dividend. 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 17.53%. ARMOUR Residential REIT's dividend payout ratio is presently -822.86%.

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.