MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $15.92 Million Stake in ARMOUR Residential REIT, Inc. $ARR

by · The Markets Daily

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR – Free Report) by 165.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 930,829 shares of the real estate investment trust’s stock after buying an additional 580,684 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.14% of ARMOUR Residential REIT worth $15,917,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ARR. Ameriflex Group Inc. bought a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $143,000. US Bancorp DE grew its holdings in shares of ARMOUR Residential REIT by 56.2% during the first quarter. US Bancorp DE now owns 8,875 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 3,194 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of ARMOUR Residential REIT during the first quarter worth $178,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of ARMOUR Residential REIT during the first quarter worth $181,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of ARMOUR Residential REIT during the first quarter worth $182,000. Institutional investors own 54.17% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group decreased their target price on ARMOUR Residential REIT from $16.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.50.

Check Out Our Latest Analysis on ARR

ARMOUR Residential REIT Stock Down 0.7%

Shares of ARR opened at $15.71 on Tuesday. ARMOUR Residential REIT, Inc. has a 12-month low of $13.18 and a 12-month high of $21.08. The firm has a market capitalization of $1.44 billion, a PE ratio of -65.43 and a beta of 1.39. The stock’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $16.46.

ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The firm had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. Analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.24 dividend. This represents a yield of 1,902.0%. The ex-dividend date is Monday, September 15th. ARMOUR Residential REIT’s dividend payout ratio is currently -1,200.00%.

About ARMOUR Residential REIT

(Free Report)

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.

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