Allianz Asset Management GmbH boosted its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 16.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 307,967 shares of the real estate investment trust’s stock after buying an additional 43,539 shares during the quarter. Allianz Asset Management GmbH’s holdings in ARMOUR Residential REIT were worth $7,921,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ARR. LSV Asset Management raised its stake in shares of ARMOUR Residential REIT by 224.6% in the 4th quarter. LSV Asset Management now owns 578,697 shares of the real estate investment trust’s stock valued at $14,884,000 after acquiring an additional 400,426 shares during the period. First Trust Advisors LP purchased a new stake in shares of ARMOUR Residential REIT in the 4th quarter valued at approximately $9,879,000. JPMorgan Chase & Co. raised its stake in shares of ARMOUR Residential REIT by 30,665.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 378,411 shares of the real estate investment trust’s stock valued at $10,141,000 after acquiring an additional 377,181 shares during the period. Ameriprise Financial Inc. raised its stake in shares of ARMOUR Residential REIT by 450.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 409,897 shares of the real estate investment trust’s stock valued at $11,027,000 after acquiring an additional 335,434 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of ARMOUR Residential REIT by 170.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 502,226 shares of the real estate investment trust’s stock valued at $13,511,000 after acquiring an additional 316,291 shares during the period. 60.32% of the stock is currently owned by institutional investors.

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Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at $22.66 on Thursday. The stock has a market cap of $948.74, a P/E ratio of 5.49 and a beta of 0.60. ARMOUR Residential REIT, Inc. has a 52 week low of $21.33 and a 52 week high of $27.60.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 65.90% and a return on equity of 12.51%. During the same period in the prior year, the business posted $0.71 EPS. analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.75 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 15th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Wednesday, March 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 55.21%.

Separately, Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

In other ARMOUR Residential REIT news, CEO Jeffrey J. Zimmer acquired 6,500 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average price of $22.52 per share, for a total transaction of $146,380.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mark Gruber acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $22.70 per share, with a total value of $45,400.00. Following the acquisition, the chief operating officer now directly owns 22,300 shares of the company’s stock, valued at approximately $506,210. The disclosure for this purchase can be found here. Insiders bought a total of 12,500 shares of company stock worth $283,740 over the last three months. Insiders own 1.50% of the company’s stock.

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ARMOUR Residential REIT Company 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).

Want to see what other hedge funds are holding ARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARMOUR Residential REIT, Inc. (NYSE:ARR).

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

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