Van ECK Associates Corp lifted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,892 shares of the real estate investment trust’s stock after acquiring an additional 26,703 shares during the quarter. Van ECK Associates Corp owned 0.42% of ARMOUR Residential REIT worth $4,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in shares of ARMOUR Residential REIT by 7.0% during the 1st quarter. American International Group Inc. now owns 22,617 shares of the real estate investment trust’s stock worth $514,000 after acquiring an additional 1,482 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of ARMOUR Residential REIT by 87.2% during the 2nd quarter. Chicago Equity Partners LLC now owns 373,550 shares of the real estate investment trust’s stock worth $9,339,000 after acquiring an additional 173,980 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in shares of ARMOUR Residential REIT during the 1st quarter worth $1,336,000. Great Lakes Advisors LLC boosted its stake in shares of ARMOUR Residential REIT by 22.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 100,486 shares of the real estate investment trust’s stock worth $2,512,000 after acquiring an additional 18,294 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of ARMOUR Residential REIT by 22.2% during the 1st quarter. Virginia Retirement Systems ET AL now owns 27,012 shares of the real estate investment trust’s stock worth $613,000 after acquiring an additional 4,900 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

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In related news, COO Mark Gruber bought 2,000 shares of ARMOUR Residential REIT stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $25.33 per share, with a total value of $50,660.00. Following the purchase, the chief operating officer now owns 15,619 shares in the company, valued at $395,629.27. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $24.50.

Shares of ARMOUR Residential REIT, Inc. (ARR) opened at 26.36 on Friday. ARMOUR Residential REIT, Inc. has a 1-year low of $20.29 and a 1-year high of $27.60. The stock’s 50 day moving average price is $26.23 and its 200 day moving average price is $25.00. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 3.47 and a beta of 0.77.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The firm had revenue of $39.06 million during the quarter, compared to analyst estimates of $34.53 million. ARMOUR Residential REIT had a net margin of 114.11% and a return on equity of 9.26%. During the same period in the prior year, the business earned $0.63 EPS. Analysts expect that ARMOUR Residential REIT, Inc. will post $2.67 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 15th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Thursday, September 14th. ARMOUR Residential REIT’s payout ratio is presently 30.00%.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

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Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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