Nuveen Asset Management LLC Sells 250,416 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Nuveen Asset Management LLC reduced its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,457 shares of the real estate investment trust's stock after selling 250,416 shares during the period. Nuveen Asset Management LLC owned 0.44% of ARMOUR Residential REIT worth $4,648,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock worth $2,539,000 after purchasing an additional 93,397 shares in the last quarter. KBC Group NV lifted its holdings in ARMOUR Residential REIT by 117.8% in the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 1,874 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in ARMOUR Residential REIT by 12.1% in the 4th quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust's stock worth $393,000 after purchasing an additional 2,253 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in ARMOUR Residential REIT by 13.9% in the 4th quarter. State of Alaska Department of Revenue now owns 31,690 shares of the real estate investment trust's stock worth $597,000 after purchasing an additional 3,861 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in ARMOUR Residential REIT by 14.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the real estate investment trust's stock worth $509,000 after purchasing an additional 3,400 shares in the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ARR shares. BTIG Research started coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating on the stock. Wall Street Zen cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. Finally, Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Performance

NYSE:ARR traded up $0.06 during trading hours on Wednesday, reaching $16.47. The stock had a trading volume of 2,013,000 shares, compared to its average volume of 1,960,489. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93. The company has a 50 day moving average price of $15.81 and a two-hundred day moving average price of $17.75. The stock has a market capitalization of $1.35 billion, a PE ratio of -38.30 and a beta of 1.36.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $18.59 million. Equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 17.49%. The ex-dividend date of this dividend is Monday, June 16th. ARMOUR Residential REIT's payout ratio is -822.86%.

ARMOUR Residential REIT 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.