Systematic Financial Management LP increased its position in shares of Armour Residential REIT Inc. (NYSE:ARR) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 89,900 shares of the company’s stock after buying an additional 6,135 shares during the period. Systematic Financial Management LP owned 0.24% of Armour Residential REIT worth $1,798,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in ARR. Renaissance Technologies LLC increased its stake in shares of Armour Residential REIT by 19.6% in the first quarter. Renaissance Technologies LLC now owns 1,109,500 shares of the company’s stock worth $23,888,000 after buying an additional 181,700 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Armour Residential REIT by 426.4% in the first quarter. JPMorgan Chase & Co. now owns 1,002,017 shares of the company’s stock worth $21,573,000 after buying an additional 811,652 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Armour Residential REIT during the second quarter worth about $15,337,000. Norges Bank acquired a new stake in shares of Armour Residential REIT during the fourth quarter worth about $9,152,000. Finally, UBS Group AG increased its stake in shares of Armour Residential REIT by 18.9% in the first quarter. UBS Group AG now owns 393,795 shares of the company’s stock worth $8,478,000 after buying an additional 62,482 shares during the last quarter. Institutional investors and hedge funds own 40.54% of the company’s stock.

Shares of Armour Residential REIT Inc. (NYSE:ARR) traded up 0.81% during mid-day trading on Thursday, reaching $22.46. 231,394 shares of the company’s stock traded hands. Armour Residential REIT Inc. has a 12-month low of $16.61 and a 12-month high of $23.23. The company’s market cap is $824.35 million. The company’s 50 day moving average is $22.33 and its 200 day moving average is $20.94.

Armour Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.08. Armour Residential REIT had a positive return on equity of 13.00% and a negative net margin of 113.98%. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, analysts predict that Armour Residential REIT Inc. will post $3.50 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.85%. Armour Residential REIT’s dividend payout ratio is currently -26.80%.

A number of equities research analysts have recently issued reports on the stock. Barclays PLC boosted their price objective on shares of Armour Residential REIT from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Armour Residential REIT from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, July 12th. Credit Suisse Group AG reissued a “sell” rating and set a $22.00 price objective on shares of Armour Residential REIT in a research report on Friday, September 9th. National Securities reissued a “sell” rating and set a $16.00 price objective on shares of Armour Residential REIT in a research report on Monday, August 8th. Finally, Deutsche Bank AG boosted their price objective on shares of Armour Residential REIT from $21.00 to $21.80 and gave the company a “hold” rating in a research report on Thursday, August 4th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.35.

In related news, CEO Jeffrey J. Zimmer purchased 10,000 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was acquired at an average price of $22.11 per share, with a total value of $221,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Armour Residential REIT Company Profile

ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).

5 Day Chart for NYSE:ARR

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