ARMOUR Residential REIT, Inc. (NYSE:ARR) Position Increased by Invesco Ltd.

Invesco Ltd. grew its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 86.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,628,903 shares of the real estate investment trust's stock after acquiring an additional 754,582 shares during the quarter. Invesco Ltd. owned about 2.92% of ARMOUR Residential REIT worth $30,721,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in ARMOUR Residential REIT by 17.4% during the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock worth $114,031,000 after purchasing an additional 895,433 shares in the last quarter. State Street Corp increased its position in shares of ARMOUR Residential REIT by 1.5% in the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock worth $36,880,000 after acquiring an additional 27,575 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ARMOUR Residential REIT by 13.6% in the 4th quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust's stock valued at $24,611,000 after acquiring an additional 156,514 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of ARMOUR Residential REIT during the 4th quarter valued at $19,865,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of ARMOUR Residential REIT by 10.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust's stock valued at $9,425,000 after acquiring an additional 47,256 shares in the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BTIG Research began coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating on the stock. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Up 1.8 %

Shares of ARMOUR Residential REIT stock traded up $0.26 during trading hours on Wednesday, hitting $14.96. 580,280 shares of the company's stock traded hands, compared to its average volume of 2,873,779. ARMOUR Residential REIT, Inc. has a twelve month low of $13.18 and a twelve month high of $21.93. The company has a market cap of $1.20 billion, a PE ratio of -34.79 and a beta of 1.23. The stock has a 50 day simple moving average of $17.25 and a 200-day simple moving average of $18.39.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be given a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 19.25%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT's payout ratio is -669.77%.

About ARMOUR Residential REIT

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.