Public Employees Retirement Association of Colorado Sells 2,360 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Public Employees Retirement Association of Colorado trimmed its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 22.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,386 shares of the real estate investment trust’s stock after selling 2,360 shares during the period. Public Employees Retirement Association of Colorado’s holdings in ARMOUR Residential REIT were worth $163,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in ARMOUR Residential REIT during the second quarter valued at about $99,000. Parisi Gray Wealth Management increased its position in ARMOUR Residential REIT by 6.0% in the 2nd quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 900 shares during the period. Virtu Financial LLC bought a new stake in ARMOUR Residential REIT in the 4th quarter valued at $431,000. BNP Paribas Financial Markets bought a new stake in ARMOUR Residential REIT in the 1st quarter valued at $525,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in ARMOUR Residential REIT by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 1,707 shares during the period. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Trading Up 0.8 %

ARR stock opened at $20.51 on Monday. The business’s 50 day moving average is $20.38 and its 200-day moving average is $19.66. ARMOUR Residential REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $21.93. The firm has a market cap of $999.90 million, a P/E ratio of -28.49 and a beta of 1.50.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.09. The firm had revenue of $129.93 million during the quarter, compared to the consensus estimate of $28.47 million. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. Sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.04%. ARMOUR Residential REIT’s payout ratio is -400.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. B. Riley increased their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Janney Montgomery Scott started coverage on shares of ARMOUR Residential REIT in a report on Thursday, June 6th. They set a “neutral” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.83.

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.