Penserra Capital Management LLC Boosts Position in ARMOUR Residential REIT, Inc. $ARR

Penserra Capital Management LLC grew its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,192 shares of the real estate investment trust’s stock after buying an additional 4,369 shares during the period. Penserra Capital Management LLC’s holdings in ARMOUR Residential REIT were worth $1,079,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ARR. Kovack Advisors Inc. increased its holdings in ARMOUR Residential REIT by 5.7% during the 1st quarter. Kovack Advisors Inc. now owns 23,106 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 1,245 shares during the period. Amalgamated Bank grew its position in shares of ARMOUR Residential REIT by 6.1% during the 2nd quarter. Amalgamated Bank now owns 22,403 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 1,279 shares in the last quarter. Fifth Third Bancorp grew its position in shares of ARMOUR Residential REIT by 184.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,425 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of ARMOUR Residential REIT by 7.8% in the second quarter. Maryland State Retirement & Pension System now owns 24,025 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 1,732 shares during the period. Finally, Arizona State Retirement System raised its position in shares of ARMOUR Residential REIT by 13.0% in the first quarter. Arizona State Retirement System now owns 15,994 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 1,841 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ARR. UBS Group restated a “neutral” rating and set a $16.00 target price on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned 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 an average target price of $16.00.

ARMOUR Residential REIT Stock Down 0.3%

ARR opened at $16.78 on Tuesday. The stock has a market cap of $1.88 billion, a PE ratio of 419.50 and a beta of 1.44. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $19.66. The business’s fifty day simple moving average is $15.56 and its 200 day simple moving average is $16.02.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $210.90 million for the quarter, compared to the consensus estimate of $63.25 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.During the same period last year, the firm earned $1.00 EPS. 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 company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) annualized dividend and a yield of 17.2%. ARMOUR Residential REIT’s dividend 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.