Geode Capital Management LLC Buys 156,514 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Geode Capital Management LLC boosted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,304,665 shares of the real estate investment trust's stock after acquiring an additional 156,514 shares during the period. Geode Capital Management LLC owned 2.34% of ARMOUR Residential REIT worth $24,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Trust Co. NA purchased a new stake in ARMOUR Residential REIT during the 4th quarter valued at about $28,000. McIlrath & Eck LLC bought a new stake in shares of ARMOUR Residential REIT during the third quarter valued at approximately $61,000. KBC Group NV lifted its position 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 valued at $65,000 after acquiring an additional 1,874 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of ARMOUR Residential REIT in the 4th quarter worth $75,000. Finally, FMR LLC raised its stake in shares of ARMOUR Residential REIT by 36.5% in the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 2,003 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ARR shares. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research initiated coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. B. Riley raised ARMOUR Residential REIT to a "hold" rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded 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 and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.50.

ARMOUR Residential REIT Stock Up 1.6 %

NYSE:ARR traded up $0.24 during mid-day trading on Thursday, hitting $15.12. 731,867 shares of the company traded hands, compared to its average volume of 1,788,878. The stock's fifty day moving average price is $17.16 and its 200-day moving average price is $18.36. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -35.17 and a beta of 1.23.

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

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a yield of 19.04%. ARMOUR Residential REIT's payout ratio is presently -669.77%.

ARMOUR Residential REIT Company 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.