Nomura Holdings Inc. acquired a new position in Armour Residential REIT Inc. (NYSE:ARR) during the second quarter, Holdings Channel reports. The firm acquired 12,700 shares of the company’s stock, valued at approximately $254,000.
Other large investors have also recently modified their holdings of the company. UBS Group AG raised its stake in Armour Residential REIT by 18.9% in the first quarter. UBS Group AG now owns 393,795 shares of the company’s stock worth $8,478,000 after buying an additional 62,482 shares during the period. Whitebox Advisors LLC bought a new stake in Armour Residential REIT during the second quarter worth approximately $15,337,000. Virginia Retirement System bought a new stake in Armour Residential REIT during the first quarter worth approximately $457,000. IFP Advisors Inc raised its stake in Armour Residential REIT by 277.6% in the first quarter. IFP Advisors Inc now owns 7,276 shares of the company’s stock worth $157,000 after buying an additional 5,349 shares during the period. Finally, Prudential Financial Inc. bought a new stake in Armour Residential REIT during the first quarter worth approximately $1,687,000. Institutional investors and hedge funds own 40.54% of the company’s stock.
Shares of Armour Residential REIT Inc. (NYSE:ARR) opened at 22.53 on Friday. Armour Residential REIT Inc. has a one year low of $16.61 and a one year high of $23.23. The firm’s 50-day moving average price is $22.28 and its 200-day moving average price is $21.02. The company’s market capitalization is $826.92 million.
Armour Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.08. Armour Residential REIT had a negative net margin of 113.98% and a positive return on equity of 13.00%. During the same period in the prior year, the firm earned $0.12 EPS. Analysts anticipate that Armour Residential REIT Inc. will post $3.50 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, October 12th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.72%. Armour Residential REIT’s dividend payout ratio (DPR) is currently -26.80%.
A number of research analysts have recently issued reports on ARR shares. Deutsche Bank AG boosted their price objective on Armour Residential REIT from $21.00 to $21.80 and gave the company a “hold” rating in a research note on Thursday, August 4th. National Securities reissued a “sell” rating and issued a $16.00 price objective on shares of Armour Residential REIT in a research note on Monday, August 8th. Credit Suisse Group AG reissued a “sell” rating and issued a $22.00 price objective on shares of Armour Residential REIT in a research note on Friday, September 9th. Zacks Investment Research downgraded Armour Residential REIT from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Barclays PLC boosted their price objective on Armour Residential REIT from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. Armour Residential REIT has a consensus rating of “Hold” and a consensus target price of $21.35.
In related news, CEO Jeffrey J. Zimmer acquired 10,000 shares of Armour Residential REIT stock in a transaction dated Monday, August 22nd. The shares were purchased at an average cost of $22.11 per share, with a total value of $221,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
About Armour Residential REIT
ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).
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