69,433 Shares in ARMOUR Residential REIT, Inc. $ARR Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,433 shares of the real estate investment trust’s stock, valued at approximately $1,037,000. Simplicity Wealth LLC owned approximately 0.06% of ARMOUR Residential REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of ARR. Geode Capital Management LLC grew its holdings in shares of ARMOUR Residential REIT by 27.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust’s stock valued at $33,092,000 after buying an additional 426,536 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ARMOUR Residential REIT by 7.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003,622 shares of the real estate investment trust’s stock worth $16,871,000 after buying an additional 72,793 shares during the period. Wolverine Asset Management LLC lifted its holdings in ARMOUR Residential REIT by 570.6% during the third quarter. Wolverine Asset Management LLC now owns 848,724 shares of the real estate investment trust’s stock worth $12,680,000 after acquiring an additional 722,160 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in ARMOUR Residential REIT by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock valued at $13,800,000 after acquiring an additional 222,923 shares during the period. Finally, Marshall Wace LLP acquired a new position in ARMOUR Residential REIT in the second quarter valued at about $9,006,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Performance

Shares of ARMOUR Residential REIT stock opened at $18.36 on Friday. The firm has a market cap of $2.05 billion, a PE ratio of 458.88 and a beta of 1.44. The business’s 50 day simple moving average is $17.60 and its 200 day simple moving average is $16.41. ARMOUR Residential REIT, Inc. has a 52-week low of $13.18 and a 52-week high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.The business had revenue of $210.90 million for the quarter, compared to the consensus estimate of $63.25 million. During the same period in the prior year, the business earned $1.00 earnings per share. As a group, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 15.7%. ARMOUR Residential REIT’s dividend payout ratio is presently 7,200.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ARR shares. Compass Point began coverage on ARMOUR Residential REIT in a research report on Monday, December 15th. They set a “buy” rating and a $18.50 price target on the stock. Jones Trading raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 target price for the company in a research note on Friday, January 16th. UBS Group restated a “neutral” rating and set a $16.00 target price on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of “Hold” and a consensus target price of $18.33.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of ARMOUR Residential REIT stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the sale, the director directly owned 1,010 shares in the company, valued at approximately $18,240.60. The trade was a 87.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.