State of Alaska Department of Revenue Reduces Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

State of Alaska Department of Revenue trimmed its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 78.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,141 shares of the real estate investment trust's stock after selling 112,006 shares during the period. State of Alaska Department of Revenue owned 0.06% of ARMOUR Residential REIT worth $582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARR. Van ECK Associates Corp grew its stake in shares of ARMOUR Residential REIT by 22.8% in the third quarter. Van ECK Associates Corp now owns 1,455,027 shares of the real estate investment trust's stock worth $6,184,000 after acquiring an additional 270,192 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of ARMOUR Residential REIT in the third quarter worth $241,000. Rhumbline Advisers grew its stake in shares of ARMOUR Residential REIT by 18.5% in the third quarter. Rhumbline Advisers now owns 660,713 shares of the real estate investment trust's stock worth $2,808,000 after acquiring an additional 103,248 shares during the last quarter. Invesco Ltd. grew its stake in shares of ARMOUR Residential REIT by 93.5% in the third quarter. Invesco Ltd. now owns 7,011,244 shares of the real estate investment trust's stock worth $29,798,000 after acquiring an additional 3,387,825 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of ARMOUR Residential REIT by 10.7% in the third quarter. Principal Financial Group Inc. now owns 1,231,061 shares of the real estate investment trust's stock worth $5,232,000 after acquiring an additional 119,460 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Trading Down 1.8 %

ARR stock traded down $0.34 during trading on Friday, reaching $18.43. The stock had a trading volume of 856,642 shares, compared to its average volume of 1,170,984. ARMOUR Residential REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $27.00. The stock's 50 day moving average is $19.15 and its two-hundred day moving average is $18.59. The firm has a market cap of $898.22 million, a PE ratio of -9.65 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.63%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT's payout ratio is -150.78%.

Analysts Set New Price Targets

Separately, StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, April 5th.

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.