ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 61.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,082 shares of the real estate investment trust’s stock after selling 20,628 shares during the period. Everence Capital Management Inc.’s holdings in ARMOUR Residential REIT were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARR. BlackRock Inc. lifted its holdings in ARMOUR Residential REIT by 23.1% in the 1st quarter. BlackRock Inc. now owns 29,053,005 shares of the real estate investment trust’s stock valued at $152,528,000 after purchasing an additional 5,450,385 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ARMOUR Residential REIT by 16.6% in the 3rd quarter. Vanguard Group Inc. now owns 24,968,254 shares of the real estate investment trust’s stock valued at $106,115,000 after purchasing an additional 3,550,122 shares in the last quarter. Invesco Ltd. lifted its holdings in ARMOUR Residential REIT by 93.5% in the 3rd quarter. Invesco Ltd. now owns 7,011,244 shares of the real estate investment trust’s stock valued at $29,798,000 after purchasing an additional 3,387,825 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in ARMOUR Residential REIT by 2,118.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,008,944 shares of the real estate investment trust’s stock valued at $8,538,000 after purchasing an additional 1,918,406 shares in the last quarter. Finally, State Street Corp lifted its holdings in ARMOUR Residential REIT by 29.1% in the 1st quarter. State Street Corp now owns 5,607,890 shares of the real estate investment trust’s stock valued at $29,441,000 after purchasing an additional 1,265,241 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARR. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

ARMOUR Residential REIT Trading Up 1.2 %

NYSE ARR opened at $17.72 on Friday. ARMOUR Residential REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $27.00. The business’s fifty day simple moving average is $19.06 and its 200-day simple moving average is $18.48.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 annualized dividend and a dividend yield of 16.25%. ARMOUR Residential REIT’s dividend payout ratio is presently -150.78%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.