Bank of America Corp DE Raises Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Bank of America Corp DE boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,744 shares of the real estate investment trust's stock after acquiring an additional 21,177 shares during the quarter. Bank of America Corp DE owned 0.19% of ARMOUR Residential REIT worth $1,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ARR. Barclays PLC grew its stake in shares of ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after buying an additional 93,397 shares during the last quarter. KBC Group NV grew its stake in shares of 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 valued at $65,000 after buying an additional 1,874 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of ARMOUR Residential REIT by 12.1% during the fourth quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust's stock valued at $393,000 after buying an additional 2,253 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of ARMOUR Residential REIT by 13.9% during the fourth quarter. State of Alaska Department of Revenue now owns 31,690 shares of the real estate investment trust's stock valued at $597,000 after buying an additional 3,861 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of ARMOUR Residential REIT by 14.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the real estate investment trust's stock valued at $509,000 after buying an additional 3,400 shares during the last quarter. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Up 0.2%

Shares of ARMOUR Residential REIT stock traded up $0.04 during trading on Friday, reaching $16.57. 1,703,116 shares of the stock were exchanged, compared to its average volume of 1,967,332. The stock's fifty day moving average is $15.79 and its 200 day moving average is $17.71. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -38.53 and a beta of 1.37. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. The company had revenue of $75.29 million during the quarter, compared to analyst estimates of $18.59 million. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.88 annualized dividend and a yield of 17.38%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -822.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ARR shares. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating for the company. Finally, Wall Street Zen lowered shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of "Hold" and an average target price of $21.00.

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.