Zurcher Kantonalbank Zurich Cantonalbank Lowers Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 80.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,529 shares of the real estate investment trust’s stock after selling 34,117 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ARMOUR Residential REIT were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Ieq Capital LLC purchased a new stake in shares of ARMOUR Residential REIT during the 3rd quarter worth approximately $43,000. Profund Advisors LLC lifted its position in ARMOUR Residential REIT by 11.2% during the third quarter. Profund Advisors LLC now owns 12,866 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,294 shares during the last quarter. Xponance Inc. grew its stake in shares of ARMOUR Residential REIT by 14.9% in the 3rd quarter. Xponance Inc. now owns 13,306 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,727 shares in the last quarter. Jump Financial LLC bought a new stake in shares of ARMOUR Residential REIT in the 3rd quarter worth about $60,000. Finally, Commonwealth Equity Services LLC raised its position in shares of ARMOUR Residential REIT by 15.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,060 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,699 shares in the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARR has been the subject of several recent research reports. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th.

ARMOUR Residential REIT Trading Up 0.4 %

ARR stock opened at $19.09 on Thursday. The stock has a market cap of $930.43 million, a PE ratio of -26.51 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $27.00. The company has a 50-day moving average price of $18.99 and a 200 day moving average price of $18.52.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.22. The business had revenue of $141.48 million during the quarter, compared to analyst estimates of $39.60 million. ARMOUR Residential REIT had a positive return on equity of 15.68% and a negative net margin of 3.83%. Sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.46 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th will be given a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 15.09%. The ex-dividend date of this dividend is Tuesday, May 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -400.00%.

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.