Walleye Capital LLC Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Walleye Capital LLC purchased a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,467 shares of the real estate investment trust’s stock, valued at approximately $311,000.

Several other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 702 shares during the period. Summit Investment Advisors Inc. boosted its position in ARMOUR Residential REIT by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 777 shares during the period. Kovack Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 4.8% in the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust’s stock worth $412,000 after purchasing an additional 1,003 shares in the last quarter. Bank of Montreal Can raised its position in shares of ARMOUR Residential REIT by 12.3% in the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 1,316 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ARMOUR Residential REIT by 14.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 1,481 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

ARR has been the topic of a number of analyst reports. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. BTIG Research started coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a “neutral” rating on the stock. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Finally, Jones Trading reaffirmed a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.50.

ARMOUR Residential REIT Stock Up 2.7 %

ARR opened at $15.28 on Friday. The business’s fifty day simple moving average is $17.08 and its 200 day simple moving average is $18.33. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93. The stock has a market cap of $1.22 billion, a PE ratio of -35.53 and a beta of 1.23.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $75.29 million for the quarter, compared to analysts’ expectations of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. As a group, equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 18.85%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -669.77%.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.