Nisa Investment Advisors LLC Sells 139,800 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Nisa Investment Advisors LLC lowered its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 78.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,927 shares of the real estate investment trust's stock after selling 139,800 shares during the quarter. Nisa Investment Advisors LLC owned about 0.08% of ARMOUR Residential REIT worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ARR. Van ECK Associates Corp raised its holdings in ARMOUR Residential REIT by 22.8% in the 3rd 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 period. Sherbrooke Park Advisers LLC bought a new position in ARMOUR Residential REIT in the 3rd quarter worth $241,000. Rhumbline Advisers raised its holdings in ARMOUR Residential REIT by 18.5% in the 3rd 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 period. Invesco Ltd. raised its holdings in ARMOUR Residential REIT by 93.5% in the 3rd 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 period. Finally, Principal Financial Group Inc. raised its holdings in ARMOUR Residential REIT by 10.7% in the 3rd 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 period. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Up 0.9 %

ARR traded up $0.15 during trading on Wednesday, hitting $17.51. The stock had a trading volume of 756,699 shares, compared to its average volume of 1,171,397. The firm has a market cap of $853.61 million, a PE ratio of -9.17 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $27.00. The company has a 50 day simple moving average of $19.08 and a 200-day simple moving average of $18.49.

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 issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 annualized dividend and a dividend yield of 16.45%. ARMOUR Residential REIT's payout ratio is -150.78%.

Wall Street Analysts Forecast Growth

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

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.