ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 80.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,063 shares of the real estate investment trust's stock after selling 1,610,881 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.81% of ARMOUR Residential REIT worth $7,691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC boosted its holdings in ARMOUR Residential REIT by 12.6% in the third quarter. CWM LLC now owns 6,803 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 760 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in ARMOUR Residential REIT in the first quarter worth $30,000. PNC Financial Services Group Inc. boosted its holdings in ARMOUR Residential REIT by 66.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 1,901 shares in the last quarter. Ieq Capital LLC bought a new stake in ARMOUR Residential REIT in the third quarter worth $43,000. Finally, FMR LLC boosted its holdings in ARMOUR Residential REIT by 57.7% in the third quarter. FMR LLC now owns 11,414 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 4,175 shares in the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, April 5th.

ARMOUR Residential REIT Trading Down 0.5 %

ARMOUR Residential REIT stock traded down $0.10 on Friday, reaching $18.42. 858,280 shares of the stock were exchanged, compared to its average volume of 1,088,386. The stock has a market cap of $897.98 million, a PE ratio of -9.64 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $27.00. The firm has a fifty day moving average price of $19.15 and a two-hundred day moving average price of $18.55.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.64%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT's dividend payout ratio is currently -150.79%.

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.