ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock Position Lowered by Van ECK Associates Corp

Van ECK Associates Corp lowered its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 72.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,372 shares of the real estate investment trust's stock after selling 1,048,655 shares during the period. Van ECK Associates Corp owned approximately 0.83% of ARMOUR Residential REIT worth $7,851,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARR. CWM LLC raised its holdings in shares of ARMOUR Residential REIT by 12.6% during 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 during the last quarter. SG Americas Securities LLC acquired a new stake in shares of ARMOUR Residential REIT during the 3rd quarter worth approximately $374,000. State of Alaska Department of Revenue increased its holdings in shares of ARMOUR Residential REIT by 10.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 142,147 shares of the real estate investment trust's stock valued at $604,000 after purchasing an additional 13,505 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of ARMOUR Residential REIT by 15.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 20,060 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 2,699 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in ARMOUR Residential REIT during the third quarter worth $101,000. Institutional investors and hedge funds own 54.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ARR shares. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th. StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, April 5th.

ARMOUR Residential REIT Trading Up 1.0 %

NYSE:ARR traded up $0.19 during trading hours on Friday, reaching $19.02. 1,005,007 shares of the company were exchanged, compared to its average volume of 1,262,425. The firm has a market cap of $927.23 million, a PE ratio of -26.42 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 stock's 50-day moving average is $18.99 and its 200-day moving average is $18.45.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.82 EPS for the quarter, topping the consensus estimate of $0.60 by $0.22. The company had revenue of $141.48 million during the quarter, compared to analyst estimates of $39.60 million. ARMOUR Residential REIT had a positive return on equity of 15.68% and a negative net margin of 3.83%. As a group, research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.46 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $2.88 dividend on an annualized basis and a yield of 15.14%. ARMOUR Residential REIT's payout ratio is currently -399.99%.

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.