UBS Group AG Has $20.43 Million Stake in ARMOUR Residential REIT, Inc. $ARR

UBS Group AG increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 4.1% during the fourth quarter, HoldingsChannel reports. The fund owned 1,154,875 shares of the real estate investment trust’s stock after buying an additional 45,023 shares during the quarter. UBS Group AG’s holdings in ARMOUR Residential REIT were worth $20,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of ARMOUR Residential REIT by 50.3% during the first quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after purchasing an additional 40,860 shares during the last quarter. AQR Capital Management LLC raised its holdings in ARMOUR Residential REIT by 26.1% in the 1st quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 2,980 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ARMOUR Residential REIT by 38.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock worth $13,800,000 after buying an additional 222,923 shares during the period. Intech Investment Management LLC boosted its position in ARMOUR Residential REIT by 189.5% during the 1st quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock worth $1,577,000 after buying an additional 60,371 shares during the period. Finally, Strs Ohio bought a new stake in ARMOUR Residential REIT during the 1st quarter worth approximately $181,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

NYSE:ARR opened at $17.71 on Tuesday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $19.31. The company has a 50 day simple moving average of $17.22 and a two-hundred day simple moving average of $17.37. The company has a market capitalization of $2.20 billion, a PE ratio of 9.23 and a beta of 1.39.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. The firm had revenue of $70.71 million for the quarter, compared to the consensus estimate of $155.79 million. Research analysts predict that ARMOUR Residential REIT, Inc. will post 2.82 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Friday, May 15th will be issued a $0.24 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 16.3%. ARMOUR Residential REIT’s payout ratio is presently 150.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ARR. Wall Street Zen cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. UBS Group reissued a “neutral” rating and issued a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research note on Friday, April 24th. JonesTrading decreased their price objective on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Weiss Ratings downgraded ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.50.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.