Mutual of America Capital Management LLC Invests $190,000 in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Mutual of America Capital Management LLC purchased a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,127 shares of the real estate investment trust’s stock, valued at approximately $190,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in shares of ARMOUR Residential REIT by 35.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 702 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of ARMOUR Residential REIT by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 777 shares during the last quarter. Kovack Advisors Inc. boosted its stake in shares of 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 last quarter. Bank of Montreal Can boosted its stake in shares of ARMOUR Residential REIT by 12.3% during the 4th quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust’s stock worth $226,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of ARMOUR Residential REIT by 927.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,596 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARR. UBS Group reiterated a “neutral” rating and set a $16.00 price target (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Finally, Jones Trading restated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ARMOUR Residential REIT presently has a consensus rating of “Hold” and an average target price of $16.00.

ARMOUR Residential REIT Stock Performance

ARR opened at $15.42 on Thursday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $21.08. The firm’s fifty day moving average is $16.50 and its 200 day moving average is $16.95. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -64.25 and a beta of 1.38.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). The company had revenue of $84.19 million during the quarter, compared to analysts’ expectations of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.24 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 1,720.0%. ARMOUR Residential REIT’s payout ratio is presently -1,200.00%.

About ARMOUR Residential REIT

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.