ARMOUR Residential REIT, Inc. (NYSE:ARR) Holdings Decreased by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 65.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,011 shares of the real estate investment trust's stock after selling 57,897 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of ARMOUR Residential REIT worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MAS Advisors LLC acquired a new position in shares of ARMOUR Residential REIT during the first quarter valued at approximately $331,000. PNC Financial Services Group Inc. raised its holdings in shares of ARMOUR Residential REIT by 66.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 1,901 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of ARMOUR Residential REIT by 42.0% during the first quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust's stock valued at $345,000 after acquiring an additional 12,162 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of ARMOUR Residential REIT by 1.3% during the first quarter. Rhumbline Advisers now owns 244,644 shares of the real estate investment trust's stock valued at $2,055,000 after acquiring an additional 3,134 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of ARMOUR Residential REIT by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,321 shares of the real estate investment trust's stock valued at $649,000 after acquiring an additional 9,534 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR traded up $0.16 during midday trading on Friday, hitting $19.45. The company had a trading volume of 712,025 shares, compared to its average volume of 1,137,410. ARMOUR Residential REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $27.00. The business's 50-day simple moving average is $19.21 and its 200-day simple moving average is $18.77.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 annualized dividend and a dividend yield of 14.81%. ARMOUR Residential REIT's dividend payout ratio is presently -150.78%.

Analysts Set New Price Targets

Separately, StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday.

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.