XTX Topco Ltd Invests $2.26 Million in ARMOUR Residential REIT, Inc. $ARR

XTX Topco Ltd purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 134,155 shares of the real estate investment trust’s stock, valued at approximately $2,255,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Public Sector Pension Investment Board boosted its stake in shares of ARMOUR Residential REIT by 74.4% during the first quarter. Public Sector Pension Investment Board now owns 242,288 shares of the real estate investment trust’s stock worth $4,143,000 after buying an additional 103,366 shares during the period. Rhumbline Advisers raised its stake in ARMOUR Residential REIT by 19.7% during the 1st quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust’s stock valued at $3,228,000 after acquiring an additional 31,133 shares during the last quarter. Vanguard Group Inc. lifted its position in ARMOUR Residential REIT by 32.0% during the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock worth $136,513,000 after acquiring an additional 1,937,070 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of ARMOUR Residential REIT in the 1st quarter valued at approximately $3,937,000. Finally, Advisors Asset Management Inc. grew its stake in shares of ARMOUR Residential REIT by 182.7% in the 1st quarter. Advisors Asset Management Inc. now owns 206,411 shares of the real estate investment trust’s stock valued at $3,530,000 after purchasing an additional 133,408 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ARR. UBS Group reaffirmed a “neutral” rating and set a $16.00 price target 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 research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

ARMOUR Residential REIT Stock Up 2.3%

ARMOUR Residential REIT stock opened at $17.44 on Thursday. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $19.64. The firm has a market capitalization of $1.95 billion, a PE ratio of 436.00 and a beta of 1.44. The firm’s 50-day simple moving average is $15.89 and its 200 day simple moving average is $16.05.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $210.90 million for the quarter, compared to analyst estimates of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same period in the previous year, the business earned $1.00 EPS. On average, research analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 16.5%. ARMOUR Residential REIT’s payout ratio is currently 7,200.00%.

ARMOUR Residential REIT Company Profile

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.