Barclays PLC Has $1.83 Million Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Barclays PLC reduced its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,067 shares of the real estate investment trust's stock after selling 27,403 shares during the quarter. Barclays PLC owned 0.17% of ARMOUR Residential REIT worth $1,831,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Summit Investment Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock worth $111,000 after acquiring an additional 777 shares during the last quarter. Sterling Capital Management LLC grew its holdings in ARMOUR Residential REIT by 927.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,596 shares during the last quarter. Legal & General Group Plc lifted its position in ARMOUR Residential REIT by 2.1% during the 4th quarter. Legal & General Group Plc now owns 147,686 shares of the real estate investment trust's stock worth $2,785,000 after acquiring an additional 2,999 shares during the last quarter. Invesco Ltd. boosted its stake in ARMOUR Residential REIT by 86.3% during the 4th quarter. Invesco Ltd. now owns 1,628,903 shares of the real estate investment trust's stock valued at $30,721,000 after purchasing an additional 754,582 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of ARMOUR Residential REIT by 12.3% in the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust's stock worth $226,000 after acquiring an additional 1,316 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. BTIG Research started coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating for the company. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.50.

ARMOUR Residential REIT Stock Up 1.3 %

Shares of ARR traded up $0.21 during trading hours on Thursday, reaching $16.68. The stock had a trading volume of 375,974 shares, compared to its average volume of 2,836,542. The firm has a 50-day moving average of $16.61 and a 200 day moving average of $18.11. The company has a market cap of $1.36 billion, a P/E ratio of -38.79 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. The business had revenue of $75.29 million for the quarter, compared to analysts' expectations of $18.59 million. As a group, equities analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.27%. ARMOUR Residential REIT's payout ratio is -822.86%.

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.