Wolverine Asset Management LLC Has $9.39 Million Stock Holdings in ARMOUR Residential REIT, Inc. $ARR

Wolverine Asset Management LLC cut its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 37.4% during the 4th quarter, HoldingsChannel reports. The firm owned 531,021 shares of the real estate investment trust’s stock after selling 317,703 shares during the quarter. Wolverine Asset Management LLC’s holdings in ARMOUR Residential REIT were worth $9,394,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ARR. Royal Bank of Canada raised its holdings in ARMOUR Residential REIT by 50.3% in the first quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after purchasing an additional 40,860 shares during the period. AQR Capital Management LLC raised its holdings in ARMOUR Residential REIT by 26.1% in the first quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 2,980 shares during the period. Goldman Sachs Group Inc. raised its holdings in ARMOUR Residential REIT by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock worth $13,800,000 after purchasing an additional 222,923 shares during the period. Intech Investment Management LLC raised its holdings in ARMOUR Residential REIT by 189.5% in the first quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 60,371 shares during the period. Finally, Strs Ohio acquired a new stake in ARMOUR Residential REIT in the first quarter worth $181,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Trading Up 0.1%

Shares of ARR stock opened at $17.74 on Monday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31. The firm’s fifty day moving average price is $17.27 and its two-hundred day moving average price is $17.30. The firm has a market capitalization of $2.20 billion, a P/E ratio of 9.24 and a beta of 1.39.

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

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, May 15th will be paid a $0.24 dividend. This represents a c) annualized dividend and a yield of 16.2%. The ex-dividend date is Friday, May 15th. ARMOUR Residential REIT’s payout ratio is presently 150.00%.

Wall Street Analyst Weigh In

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

ARMOUR Residential REIT Company Profile

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.