ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock Holdings Reduced by Millennium Management LLC

Millennium Management LLC lessened its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 82.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ARR. Barclays PLC grew its position in shares of ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after purchasing an additional 93,397 shares during the period. Norges Bank acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter worth $2,619,000. Proficio Capital Partners LLC purchased a new position in ARMOUR Residential REIT in the 4th quarter valued at about $419,000. Van ECK Associates Corp boosted its holdings in ARMOUR Residential REIT by 36.7% in the fourth 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. Finally, Intech Investment Management LLC grew its position in shares of ARMOUR Residential REIT by 101.7% during the fourth quarter. Intech Investment Management LLC now owns 31,866 shares of the real estate investment trust's stock worth $601,000 after buying an additional 16,068 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARR shares. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Wall Street Zen downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Finally, Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned 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 $21.00.

ARMOUR Residential REIT Stock Up 0.6%

ARMOUR Residential REIT stock traded up $0.10 during midday trading on Thursday, hitting $16.91. The company's stock had a trading volume of 2,369,654 shares, compared to its average volume of 1,990,724. The stock's 50-day moving average price is $15.82 and its 200-day moving average price is $17.68. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93. The company has a market capitalization of $1.38 billion, a PE ratio of -39.33 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS 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 during the quarter, compared to the consensus estimate of $18.59 million. As a group, equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.88 annualized dividend and a dividend yield of 17.03%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -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.