ARMOUR Residential REIT, Inc. (ARR) Stake Lifted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. grew its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,105 shares of the real estate investment trust’s stock after purchasing an additional 20,476 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in ARMOUR Residential REIT were worth $5,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ARR. Wells Fargo & Company MN raised its stake in ARMOUR Residential REIT by 181.9% during the 3rd quarter. Wells Fargo & Company MN now owns 278,027 shares of the real estate investment trust’s stock worth $7,479,000 after buying an additional 179,393 shares during the period. JPMorgan Chase & Co. raised its stake in ARMOUR Residential REIT by 30,665.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 378,411 shares of the real estate investment trust’s stock worth $10,141,000 after buying an additional 377,181 shares during the period. Legal & General Group Plc raised its stake in ARMOUR Residential REIT by 611.6% during the 3rd quarter. Legal & General Group Plc now owns 82,848 shares of the real estate investment trust’s stock worth $2,228,000 after buying an additional 71,205 shares during the period. Great West Life Assurance Co. Can raised its stake in ARMOUR Residential REIT by 1,552.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 54,353 shares of the real estate investment trust’s stock worth $1,456,000 after buying an additional 51,064 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in ARMOUR Residential REIT during the 3rd quarter worth approximately $180,000. 58.19% of the stock is currently owned by institutional investors.
ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at $25.30 on Wednesday. ARMOUR Residential REIT, Inc. has a 52 week low of $20.81 and a 52 week high of $27.60. The firm has a market capitalization of $1,060.00, a P/E ratio of 5.00 and a beta of 0.74.
ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. The business had revenue of $39.64 million for the quarter, compared to the consensus estimate of $37.49 million. During the same period in the prior year, the business earned $0.68 EPS. equities research analysts predict that ARMOUR Residential REIT, Inc. will post 2.69 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 16th will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 9.01%. The ex-dividend date of this dividend is Friday, January 12th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 45.06%.
Separately, Zacks Investment Research downgraded ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.
In related news, COO Mark Gruber acquired 4,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was purchased at an average cost of $25.38 per share, with a total value of $101,520.00. Following the acquisition, the chief operating officer now owns 19,958 shares of the company’s stock, valued at approximately $506,534.04. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.
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About ARMOUR Residential REIT
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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