Centiva Capital LP Sells 79,858 Shares of ARMOUR Residential REIT, Inc. $ARR

Centiva Capital LP trimmed its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 79.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,326 shares of the real estate investment trust’s stock after selling 79,858 shares during the period. Centiva Capital LP’s holdings in ARMOUR Residential REIT were worth $304,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of ARMOUR Residential REIT by 35.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,995,105 shares of the real estate investment trust’s stock worth $179,207,000 after acquiring an additional 3,147,068 shares during the period. Marshall Wace LLP increased its stake in ARMOUR Residential REIT by 365.7% in the third quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock valued at $37,278,000 after acquiring an additional 1,959,447 shares during the last quarter. Wolverine Asset Management LLC increased its stake in ARMOUR Residential REIT by 570.6% in the third quarter. Wolverine Asset Management LLC now owns 848,724 shares of the real estate investment trust’s stock valued at $12,680,000 after acquiring an additional 722,160 shares during the last quarter. UBS Group AG raised its position in ARMOUR Residential REIT by 115.9% during the third quarter. UBS Group AG now owns 1,109,852 shares of the real estate investment trust’s stock valued at $16,581,000 after purchasing an additional 595,773 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in ARMOUR Residential REIT by 27.7% during the second quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust’s stock valued at $33,092,000 after purchasing an additional 426,536 shares in the last quarter. 54.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ARR has been the topic of a number of research analyst reports. Wall Street Zen downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Compass Point started coverage on ARMOUR Residential REIT in a report on Monday, December 15th. They set a “buy” rating and a $18.50 price target for the company. JonesTrading dropped their price objective on ARMOUR Residential REIT from $20.50 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Weiss Ratings raised ARMOUR Residential REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Finally, Zacks Research cut ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.17.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock opened at $17.06 on Tuesday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $19.31. The firm has a market capitalization of $2.04 billion, a P/E ratio of 6.25 and a beta of 1.44. The company’s 50 day moving average price is $18.01 and its two-hundred day moving average price is $16.88.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, February 18th. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $236.50 million for the quarter, compared to analyst estimates of $62.34 million. ARMOUR Residential REIT had a net margin of 40.31% and a return on equity of 15.30%. On average, analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a yield of 16.9%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 105.49%.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total transaction of $123,403.98. Following the sale, the director directly owned 1,010 shares of the company’s stock, valued at $18,240.60. The trade was a 87.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.