(NYSE:ARR) to Strong-Buy in a report released on 06/02/2017. Martingale Asset Mngmt L P accumulated 70,433 shares or 0.01% of the stock.
Several other research analysts have also commented on the stock. Renaissance Technologies LLC boosted its stake in shares of ARMOUR Residential REIT by 221.4% in the 1st quarter. Deutsche Commercial Bank Ag has invested 0% in Ellington Residential Mortgage REIT (NYSE:EARN).
ValuEngine has upgraded ARMOUR Residential REIT, Inc. Vanguard Group Inc. now owns 3,076,733 shares of the real estate investment trust's stock worth $69,873,000 after buying an additional 200,754 shares during the last quarter.
ARMOUR Residential REIT has decreased its dividend by an average of 22.5% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Finally, Chicago Equity Partners LLC boosted its stake in shares of ARMOUR Residential REIT by 87.2% in the 2nd quarter.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The shares were acquired at an average cost of $25.33 per share, for a total transaction of $50,660.00. Following the transaction, the chief operating officer now owns 15,619 shares in the company, valued at approximately $395,629.27. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Zacks Investment Research cut shares of Ellington Residential Mortgage REIT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 4th. It increased, as 4 investors sold Ellington Residential Mortgage REIT shares while 3 reduced holdings. Citigroup maintained the stock with "Neutral" rating in Friday, August 12 report. The rating was maintained by Deutsche Bank on Thursday, August 6 with "Hold". BMO Capital Markets maintained it with "Buy" rating and $245.0 target in Tuesday, September 5 report.
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ARMOUR Residential REIT, Inc. has price-earnings ratio of 3.57 with a one year low of $20.29 and a one year high of $27.60 and has a market capitalization of $0. (NYSE:ARR) opened at 27.22 on Friday. ARMOUR Residential REIT, Inc. The company has market cap of $190.68 million. The stock's 50 day moving average is $12.54 and its 200 day moving average is $13.11. Citigroup holds 0% of its portfolio in Ellington Residential Mortgage REIT (NYSE:EARN) for 602 shares. The real estate investment trust reported $0.69 EPS for the quarter, beating the Zacks' consensus estimate of $0.62 by $0.07. The business had revenue of $39.06 million during the quarter, compared to analysts' expectations of $34.53 million. ARMOUR Residential REIT had a net margin of 114.11% and a return on equity of 9.26%. During the same period in the prior year, the company earned $0.63 earnings per share.
The company also recently declared a monthly dividend, which will be paid on Friday, October 27th. This represents a $1.60 annualized dividend and a dividend yield of 12.52%. The ex-dividend date of this dividend is Thursday, September 28th.
Analysts expect Ellington Residential Mortgage REIT (NYSE:EARN) to report $0.45 EPS on November, 7.They anticipate $0.03 EPS change or 6.25% from last quarter's $0.48 EPS. It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).