ARMOUR Residential REIT, Inc. (NYSE:ARR) Position Trimmed by Millennium Management LLC

Millennium Management LLC cut its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 82.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,601 shares of the real estate investment trust's stock after selling 54,952 shares during the period. Millennium Management LLC's holdings in ARMOUR Residential REIT were worth $219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ARR. Barclays PLC boosted its position in shares of 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 buying an additional 93,397 shares in the last quarter. Yousif Capital Management LLC raised its stake 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 valued at $393,000 after purchasing an additional 2,253 shares during the last quarter. State of Alaska Department of Revenue raised its stake 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 valued at $597,000 after purchasing an additional 3,861 shares during the last quarter. Louisiana State Employees Retirement System raised its stake 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 valued at $509,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in ARMOUR Residential REIT by 36.7% in the 4th quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust's stock valued at $8,485,000 after purchasing an additional 120,718 shares during the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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. 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 assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $21.00.

ARMOUR Residential REIT Price Performance

ARR traded down $0.14 during trading hours on Friday, hitting $16.76. 2,470,398 shares of the stock were exchanged, compared to its average volume of 2,000,754. The stock has a 50-day simple moving average of $15.92 and a 200-day simple moving average of $17.64. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -38.97 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $75.29 million for the quarter, compared to analyst estimates of $18.59 million. Sell-side analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 27th. Investors 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 yield of 17.18%. ARMOUR Residential REIT's dividend payout ratio is currently -822.86%.

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.