Swiss National Bank increases its stake in ARMOUR Residential REIT
The Swiss National Bank, a prominent financial institution, has announced its increased holdings in ARMOUR Residential REIT, Inc. The New York Stock Exchange listed real estate investment trust saw an increase of 13.2% in Swiss National Bank’s holdings during the fourth quarter of last year.
According to the latest Form 13F filing with the United States Securities and Exchange Commission (SEC), Swiss National Bank purchased an additional 32,200 shares of ARMOUR Residential REIT’s stock. This brings the institution’s total ownership to 276,812 shares valued at $1,558,000.
ARMOUR Residential REIT specializes in investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage-backed securities issued or guaranteed by government-sponsored entities. It also invests in residential mortgage-backed securities issued or guaranteed by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
In addition to its acquisition of shares, ARMOUR Residential REIT recently made a significant announcement regarding monthly dividends for shareholders. Set to be paid on May 30th, investors who held company stock as of May 15th will receive $0.08 per share dividend payment. The ex-dividend date was set for May 12th.
This news is particularly interesting due to ARMOUR Residential REIT’s impressive annualized dividend yield of twenty percent and negative dividend payout ratio (DPR) of -65.75%. These statistics indicate not only financial stability but also a willingness to provide attractive returns for investors.
Investing in real estate can always be a reliable profit-generating source if done correctly, and ARMOUR Residential REIT appears to have succeeded admirably with their unique investment strategy which focuses on US Government-sponsored entities’ mortgage servicing rights market and yields superior returns even amidst volatility in interest rates environment and housing sector fluctuations.
In conclusion, Swiss National Bank’s bullish stance towards ARMOUR Residential REIT is a testament to the real estate investment trust’s significant financial potential and an opportunity for discerning investors with an eye for long-term gains. This move by the Swiss National Bank attracts confidence in global investors who might feel confident in following the leading market maker’s feet with their wallet.
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ARMOUR Residential REIT’s shareholder structure undergoes significant changes as institutional investors make strategic moves
Lately, on May 28, 2023, ARMOUR Residential REIT has been the talk of the town for making significant changes in its shareholder structure. Several large investors have opted to alter their positions in this real estate investment trust (REIT), showcasing an interesting turn of events. Parallel Advisors LLC is one such institutional investor who decided to lift its position in shares of ARMOUR Residential REIT by a staggering 445.0% during the fourth quarter, now owning over 5,270 shares worth $30,000.
CWM LLC followed suit by increasing its stake by 145.1% and now owning approximately 6,619 shares that value around $37,000. PNC Financial Services Group Inc. also grew its position in ARMOUR Residential REIT by 66.4%, resulting from buying an additional 1,901 shares worth $41,000 in the last quarter alone.
Notably, Captrust Financial Advisors bought a new position valued at about $50,000 during the second quarter while Blueshift Asset Management LLC acquired new stocks with approximately $51,000 in assets during the third quarter; this showcases how institutional investors are willing to put their money towards what they feel is valuable.
Overall, institutional investors and hedge funds find themselves holding around half of ARMOUR Residential REIT’s stock current value of $934.55 million; this speaks volumes about the trust factor in this company’s performance despite several maladies affecting other such organizations’ stock prices.
Shares opened at $4.78 on Friday as per market stats while the sentiment concerning moving averages seems to move at a downward trendline as compared to last year’s data having a two-hundred-day moving average price of $5.52 and fifty-day moving average price being at $5.04.
Last month on May 18th also marked another remarkable event when StockNews.com began giving coverage on Armour’s residential REIT. They issued a “sell” rating for the company, a noticeable deviation from their usual coverage of this organization.
In conclusion, despite some insiders opting to cash out or resell while facing losses, investors believe in ARMOUR Residential REIT’s long-term bullish performance and remain optimistic – The coming times would indeed be interesting to watch and evaluate this ever-evolving situation.
