Thrivent Financial for Lutherans Has $1.98 Million Holdings in ARMOUR Residential REIT, Inc. $ARR

Thrivent Financial for Lutherans raised its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 38.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,123 shares of the real estate investment trust’s stock after buying an additional 30,915 shares during the period. Thrivent Financial for Lutherans owned about 0.10% of ARMOUR Residential REIT worth $1,983,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Allworth Financial LP increased its holdings in shares of ARMOUR Residential REIT by 40.7% during the 4th quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 685 shares during the last quarter. World Investment Advisors acquired a new stake in ARMOUR Residential REIT during the 4th quarter valued at $198,000. New York State Teachers Retirement System boosted its position in ARMOUR Residential REIT by 19.7% during the fourth quarter. New York State Teachers Retirement System now owns 61,389 shares of the real estate investment trust’s stock worth $1,086,000 after purchasing an additional 10,102 shares during the period. Simplicity Wealth LLC boosted its position in ARMOUR Residential REIT by 28.4% during the fourth quarter. Simplicity Wealth LLC now owns 89,157 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 19,724 shares during the period. Finally, UBS Group AG increased its holdings in shares of ARMOUR Residential REIT by 4.1% in the fourth quarter. UBS Group AG now owns 1,154,875 shares of the real estate investment trust’s stock valued at $20,430,000 after purchasing an additional 45,023 shares during the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

ARR stock opened at $16.90 on Wednesday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.98 and a fifty-two week high of $19.31. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 8.80 and a beta of 1.39. The business’s fifty day moving average price is $17.04 and its two-hundred day moving average price is $17.42.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. The company had revenue of $70.71 million during the quarter, compared to analysts’ expectations of $155.79 million. Research analysts expect that ARMOUR Residential REIT, Inc. will post 2.82 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, May 15th will be given a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date is Friday, May 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 150.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. UBS Group restated a “neutral” rating and set a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a research note on Friday, April 24th. JonesTrading decreased their price target on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Weiss Ratings cut ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.50.

About ARMOUR Residential REIT

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.