Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,000 shares of the real estate investment trust’s stock after buying an additional 80,000 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.74% of ARMOUR Residential REIT worth $7,947,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinebridge Investments L.P. bought a new position in shares of ARMOUR Residential REIT in the third quarter worth approximately $137,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of ARMOUR Residential REIT in the third quarter worth approximately $180,000. SG Americas Securities LLC bought a new position in shares of ARMOUR Residential REIT in the third quarter worth approximately $195,000. Crossmark Global Holdings Inc. bought a new position in shares of ARMOUR Residential REIT in the third quarter worth approximately $213,000. Finally, Fox Run Management L.L.C. bought a new position in shares of ARMOUR Residential REIT in the fourth quarter worth approximately $234,000. Institutional investors and hedge funds own 60.22% of the company’s stock.
In related news, COO Mark Gruber bought 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $22.70 per share, with a total value of $45,400.00. Following the completion of the acquisition, the chief operating officer now owns 22,300 shares of the company’s stock, valued at $506,210. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO James R. Mountain bought 4,000 shares of the stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $22.99 per share, for a total transaction of $91,960.00. Following the acquisition, the chief financial officer now directly owns 23,579 shares of the company’s stock, valued at approximately $542,081.21. The disclosure for this purchase can be found here. Insiders bought 12,500 shares of company stock worth $283,740 in the last three months. Insiders own 1.20% of the company’s stock.
ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 65.90% and a return on equity of 12.51%. During the same period in the prior year, the firm earned $0.71 EPS. analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.75 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Thursday, March 15th will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 10.16%. The ex-dividend date of this dividend is Wednesday, March 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 45.06%.
Separately, Zacks Investment Research lowered shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research report on Monday, January 1st.
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ARMOUR Residential REIT 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).
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