Nuveen Asset Management LLC Has $4.65 Million Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Nuveen Asset Management LLC lessened its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,457 shares of the real estate investment trust's stock after selling 250,416 shares during the quarter. Nuveen Asset Management LLC owned about 0.44% of ARMOUR Residential REIT worth $4,648,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARR. Private Trust Co. NA bought a new position in ARMOUR Residential REIT during the fourth quarter valued at about $28,000. Sterling Capital Management LLC increased its position in shares of 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 period. Russell Investments Group Ltd. raised its stake in shares of ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 702 shares in the last quarter. KBC Group NV boosted its stake in ARMOUR Residential REIT by 117.8% during the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after buying an additional 1,874 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of ARMOUR Residential REIT during the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Down 0.1%

ARR traded down $0.02 during trading on Wednesday, hitting $16.40. The company's stock had a trading volume of 385,686 shares, compared to its average volume of 1,950,251. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -38.10 and a beta of 1.36. The firm's 50 day moving average price is $15.82 and its two-hundred day moving average price is $17.75. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $18.59 million. On average, sell-side analysts forecast 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 declared a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 16th. This represents a $2.88 annualized dividend and a dividend yield of 17.57%. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -822.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Wall Street Zen 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 issued a "neutral" rating on the stock. Finally, Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. One equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.50.

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.