Old Mutual Global Investors UK Ltd. lifted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 32.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 650,972 shares of the real estate investment trust’s stock after purchasing an additional 158,224 shares during the quarter. Old Mutual Global Investors UK Ltd. owned 1.55% of ARMOUR Residential REIT worth $16,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in shares of ARMOUR Residential REIT in the third quarter worth approximately $137,000. Teachers Retirement System of The State of Kentucky bought a new position in ARMOUR Residential REIT during the third quarter valued at approximately $180,000. SG Americas Securities LLC bought a new position in ARMOUR Residential REIT during the third quarter valued at approximately $195,000. Stratos Wealth Partners LTD. bought a new position in ARMOUR Residential REIT during the third quarter valued at approximately $201,000. Finally, Crossmark Global Holdings Inc. bought a new position in ARMOUR Residential REIT during the third quarter valued at approximately $213,000. 58.68% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, October 31st.
ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 76.46% and a return on equity of 9.39%. During the same quarter last year, the firm earned $0.71 EPS. equities analysts predict that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 10.02%. The ex-dividend date is Wednesday, February 14th. ARMOUR Residential REIT’s payout ratio is presently 45.06%.
About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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