Prudential Financial Inc. Increases Position in ARMOUR Residential REIT, Inc. (ARR)

Prudential Financial Inc. raised its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 27.6% during the first quarter, Holdings Channel reports. The fund owned 269,755 shares of the real estate investment trust’s stock after buying an additional 58,300 shares during the period. Prudential Financial Inc.’s holdings in ARMOUR Residential REIT were worth $6,126,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ARR. State Street Corp increased its position in ARMOUR Residential REIT by 2.2% in the fourth quarter. State Street Corp now owns 787,123 shares of the real estate investment trust’s stock worth $17,069,000 after buying an additional 17,103 shares during the period. Allianz Asset Management AG increased its position in ARMOUR Residential REIT by 88.4% in the fourth quarter. Allianz Asset Management AG now owns 402,460 shares of the real estate investment trust’s stock worth $8,730,000 after buying an additional 188,802 shares during the period. Renaissance Technologies LLC bought a new position in ARMOUR Residential REIT during the fourth quarter worth approximately $3,693,000. Two Sigma Investments LP bought a new position in ARMOUR Residential REIT during the fourth quarter worth approximately $2,245,000. Finally, Guggenheim Capital LLC increased its position in ARMOUR Residential REIT by 91.8% in the fourth quarter. Guggenheim Capital LLC now owns 130,073 shares of the real estate investment trust’s stock worth $2,822,000 after buying an additional 62,271 shares during the period. 41.39% of the stock is owned by institutional investors.

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

ARMOUR Residential REIT, Inc. (NYSE ARR) opened at 27.42 on Tuesday. ARMOUR Residential REIT, Inc. has a 52 week low of $18.63 and a 52 week high of $27.57. The firm’s 50-day moving average price is $25.69 and its 200 day moving average price is $23.11. The firm has a market cap of $1.01 billion, a P/E ratio of 3.71 and a beta of 0.77.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. ARMOUR Residential REIT had a return on equity of 9.69% and a net margin of 108.49%. The firm had revenue of $61.42 million for the quarter, compared to analysts’ expectations of $34.92 million. During the same period in the previous year, the firm earned $0.72 earnings per share. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post $2.55 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 8.32%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 30.94%.

ILLEGAL ACTIVITY WARNING: This article was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/2654976/prudential-financial-inc-increases-position-in-armour-residential-reit-inc-arr.html.

A number of research analysts recently commented on ARR shares. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. TheStreet raised ARMOUR Residential REIT from a “d” rating to a “c” rating in a research note on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company’s stock. ARMOUR Residential REIT presently has an average rating of “Hold” and a consensus price target of $21.63.

In other news, COO Mark Gruber purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were bought at an average cost of $25.05 per share, for a total transaction of $50,100.00. Following the completion of the transaction, the chief operating officer now directly owns 13,277 shares of the company’s stock, valued at approximately $332,588.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding ARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARMOUR Residential REIT, Inc. (NYSE:ARR).

Receive News & Ratings for ARMOUR Residential REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.