Maryland State Retirement & Pension System Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Maryland State Retirement & Pension System bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARRFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,807 shares of the real estate investment trust’s stock, valued at approximately $344,000.

A number of other institutional investors have also made changes to their positions in ARR. Commonwealth Equity Services LLC boosted its holdings in ARMOUR Residential REIT by 15.5% in the third quarter. Commonwealth Equity Services LLC now owns 20,060 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 2,699 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of ARMOUR Residential REIT during the third quarter worth $101,000. Bank of New York Mellon Corp increased its position in shares of ARMOUR Residential REIT by 13.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,698,486 shares of the real estate investment trust’s stock valued at $7,219,000 after buying an additional 194,813 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of ARMOUR Residential REIT by 2.9% during the third quarter. New York State Teachers Retirement System now owns 199,153 shares of the real estate investment trust’s stock worth $846,000 after purchasing an additional 5,600 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ARMOUR Residential REIT by 20.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,646 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 7,178 shares during the period. 54.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARR. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th.

Check Out Our Latest Research Report on ARR

ARMOUR Residential REIT Trading Up 0.1 %

NYSE:ARR opened at $19.36 on Friday. The stock has a market capitalization of $943.80 million, a PE ratio of -26.89 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $27.00. The firm has a fifty day simple moving average of $18.98 and a 200 day simple moving average of $18.58.

ARMOUR Residential REIT (NYSE:ARRGet Free Report) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%. The company had revenue of $141.48 million for the quarter, compared to analysts’ expectations of $39.60 million. On average, equities analysts predict that ARMOUR Residential REIT, Inc. will post 3.46 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 14.88%. The ex-dividend date is Tuesday, May 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -399.99%.

About ARMOUR Residential REIT

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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