Quantamental Technologies LLC bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 2nd quarter, Holdings Channel reports. The fund bought 1,918 shares of the real estate investment trust’s stock, valued at approximately $36,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Strs Ohio raised its holdings in ARMOUR Residential REIT by 16.9% in the 2nd quarter. Strs Ohio now owns 15,900 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 2,300 shares during the period. Advisory Services Network LLC bought a new position in ARMOUR Residential REIT in the 2nd quarter worth $48,000. JPMorgan Chase & Co. raised its holdings in ARMOUR Residential REIT by 120.3% in the 1st quarter. JPMorgan Chase & Co. now owns 461,112 shares of the real estate investment trust’s stock worth $9,005,000 after acquiring an additional 251,766 shares during the period. Capital Fund Management S.A. raised its holdings in ARMOUR Residential REIT by 17.5% in the 2nd quarter. Capital Fund Management S.A. now owns 52,300 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 7,800 shares during the period. Finally, WINTON GROUP Ltd raised its holdings in ARMOUR Residential REIT by 239.4% in the 2nd quarter. WINTON GROUP Ltd now owns 82,711 shares of the real estate investment trust’s stock worth $1,542,000 after acquiring an additional 58,341 shares during the period. Hedge funds and other institutional investors own 60.47% of the company’s stock.
Shares of NYSE:ARR traded up $0.03 on Friday, hitting $17.12. 516,153 shares of the company were exchanged, compared to its average volume of 777,492. The company’s 50 day moving average price is $17.07 and its two-hundred day moving average price is $18.50. ARMOUR Residential REIT, Inc. has a one year low of $16.00 and a one year high of $23.29. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.59 and a beta of 0.69.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, September 13th. This represents a $2.04 annualized dividend and a dividend yield of 11.92%. ARMOUR Residential REIT’s payout ratio is 81.60%.
Several research analysts recently commented on the stock. Barclays set a $18.00 target price on shares of ARMOUR Residential REIT and gave the stock a “sell” rating in a report on Friday, July 26th. Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average price target of $20.33.
About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.
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