AQR Capital Management LLC Purchases New Shares in ARMOUR Residential REIT, Inc. (NYSE:ARR)

AQR Capital Management LLC purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,767 shares of the real estate investment trust’s stock, valued at approximately $383,000.

A number of other institutional investors have also recently bought and sold shares of ARR. LifePro Asset Management purchased a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth about $2,035,000. TrueMark Investments LLC acquired a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth approximately $1,692,000. Susquehanna Fundamental Investments LLC acquired a new stake in ARMOUR Residential REIT in the 1st quarter valued at $1,549,000. Van ECK Associates Corp boosted its stake in ARMOUR Residential REIT by 15.8% in the 2nd quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after buying an additional 47,735 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in ARMOUR Residential REIT in the 1st quarter valued at $525,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Daniel C. Staton purchased 10,000 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the transaction, the chairman now directly owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

ARR has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, B. Riley increased their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and an average price target of $19.83.

ARMOUR Residential REIT Stock Down 1.0 %

Shares of NYSE ARR opened at $19.64 on Wednesday. ARMOUR Residential REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $21.93. The stock’s 50 day moving average price is $20.23 and its 200-day moving average price is $19.71. The company has a market capitalization of $957.25 million, a PE ratio of -27.27 and a beta of 1.50.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.09. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The company had revenue of $129.93 million for the quarter, compared to analysts’ expectations of $28.47 million. As a group, research analysts expect that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, October 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.67%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -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.