49,600 Shares in ARMOUR Residential REIT, Inc. $ARR Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the first quarter, Holdings Channel.com reports. The fund bought 49,600 shares of the real estate investment trust’s stock, valued at approximately $827,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of ARMOUR Residential REIT by 217.5% during the 4th quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,179 shares during the period. Signaturefd LLC lifted its holdings in shares of ARMOUR Residential REIT by 210.9% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,198 shares during the period. Quarry LP lifted its holdings in shares of ARMOUR Residential REIT by 620.6% in the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,570 shares during the period. Allworth Financial LP boosted its stake in ARMOUR Residential REIT by 40.7% during the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 685 shares in the last quarter. Finally, Danske Bank A S bought a new position in ARMOUR Residential REIT during the third quarter valued at about $42,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Up 0.1%

ARR opened at $17.14 on Monday. The firm has a market cap of $2.13 billion, a PE ratio of 8.93 and a beta of 1.36. The business has a fifty day simple moving average of $17.11 and a 200-day simple moving average of $17.43. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The company had revenue of $70.71 million for the quarter, compared to analyst estimates of $155.79 million. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%. On average, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.82 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th will be issued a $0.24 dividend. This represents a c) annualized dividend and a dividend yield of 16.8%. The ex-dividend date is Wednesday, July 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 150.00%.

Analyst Ratings Changes

Several equities research analysts have commented on ARR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, June 17th. UBS Group restated a “neutral” rating and set a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Zacks Research cut shares of ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. Finally, JonesTrading dropped their target price on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and a consensus target price of $18.50.

ARMOUR Residential REIT Profile

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.