Intech Investment Management LLC Sells 38,099 Shares of ARMOUR Residential REIT, Inc. $ARR

Intech Investment Management LLC reduced its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 46.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,175 shares of the real estate investment trust’s stock after selling 38,099 shares during the quarter. Intech Investment Management LLC’s holdings in ARMOUR Residential REIT were worth $764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its position 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 purchasing an additional 1,570 shares during the period. GAMMA Investing LLC raised its position in shares of ARMOUR Residential REIT by 217.5% in the fourth 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 raised its position 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 purchasing an additional 1,198 shares during the period. Allworth Financial LP raised its position in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 685 shares during the period. Finally, Danske Bank A S bought a new position in shares of ARMOUR Residential REIT in the third quarter valued at about $42,000. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Trading Down 2.4%

Shares of ARMOUR Residential REIT stock opened at $16.70 on Tuesday. The company has a market cap of $2.07 billion, a PE ratio of 8.70 and a beta of 1.36. The company has a 50 day moving average of $17.17 and a 200-day moving average of $17.44. ARMOUR Residential REIT, Inc. has a 1-year low of $13.98 and a 1-year high of $19.31.

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

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 17.3%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 150.00%.

Wall Street Analysts Forecast Growth

ARR has been the topic of several research analyst reports. Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. UBS Group reissued a “neutral” rating and issued a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. JonesTrading dropped their price objective on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.50.

About ARMOUR Residential REIT

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.