(NYSE:ARR) by 221.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm now has a hold rating on the real estate investment trust's stock. Renaissance Technologies LLC's holdings in ARMOUR Residential REIT were worth $12,430,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Teza Capital Management LLC acquired a new position in ARMOUR Residential REIT during the first quarter valued at approximately $367,000. Murphy Capital Management Inc. raised its position in ARMOUR Residential REIT by 2.6% in the first quarter. American International Group Inc. now owns 22,617 shares of the real estate investment trust's stock worth $514,000 after buying an additional 1,482 shares during the last quarter. AQR Capital Management LLC purchased a new position in ARMOUR Residential REIT during the fourth quarter worth about $402,000. California Public Employees Retirement System raised its stake in Ellington Residential Mortgage REIT by 5.8% in the first quarter. JPMorgan Chase has an ownership of 7,539 stocks of the real estate investment trust's shares valued $111,000 after scooping up an extra 6,519 shares through out the quarter. Finally, IndexIQ Advisors LLC boosted its stake in shares of ARMOUR Residential REIT by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 33,460 shares of the real estate investment trust's stock worth $491,000 after buying an additional 7,031 shares during the last quarter.
ARMOUR Residential REIT, Inc. has a 1-year low of $20.29 and a 1-year high of $27.60. (NYSE:ARR) traded up 0.35% during mid-day trading on Thursday, reaching $25.67. Institutional investors and hedge funds own 42.08% of the company's stock. The stock was bought at an average price of $25.05 per share, for a total transaction of $50,100.00. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership).
ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.07. Ellington Residential Mortgage REIT had a net margin of 44.93% and a return on equity of 13.12%. The company had revenue of $39.06 million for the quarter, compared to the consensus estimate of $34.53 million.
On Thursday, May 4th, Mark Gruber purchased 2,000 shares of ARMOUR Residential REIT stock.
CPEC power projects to recover security cost from consumers
It is notable that Pakistan Army has set up a second Special Security Division to ensure the security of the projects under CPEC. The estimated costs of the projects are more than $25 billion and they have production capacity of more than 11,000 megawatts.
The firm also recently announced a monthly dividend, which will be paid on Monday, August 28th. Stockholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date of this dividend was Wed, Jun 28th. this indicates a $1.60 annual dividend and a payout of of 10.97%. ARMOUR Residential REIT's dividend payout ratio is now 30.00%.
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Several research analysts have recently commented on the company. TheStreet raised shares of ARMOUR Residential REIT from a "d" rating to a "c" rating in a report on Wednesday, May 24th. ValuEngine upgraded ARMOUR Residential REIT from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 2nd. Finally, BidaskClub lowered ARMOUR Residential REIT from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of "Hold" and a consensus target price of $21.63.
In other news, COO Mark Gruber acquired 2,000 shares of the company's stock in a transaction dated Monday, July 31st. The corporation has a 50 Day SMA of $14.91 along with a 200 - day SMA of $14.49. the share has a company valuation of $180.33 M, a PE book ratio of 9.35 along with a stock beta of 0.63. BB&T Securities has an ownership of 10,235 stocks of the real estate investment trust's shares valued $150,000 after scooping up an extra 160 shares through out the quarter. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
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 technology is available on the newly-launched Samsung Galaxy J7 Pro smartphone, priced at around Rs 20,000. The highly rumored Samsung Galaxy C7 (2017 ) has been hitting the headlines lately for its imminent launch.
Barkley trained at Finch Farm on Thursday, while the first team arrived in Slovakia for their crucial qualifier. But according to the Liverpool Echo , Chelsea have now emerged as serious contenders for Barkley.
TRADEMARK VIOLATION NOTICE: This story was first published by Transcript Daily and is the sole property of of Transcript Daily. Bank of The West bought a new position in shares of Cameco Corporation during the first quarter worth approximately $116,000.
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