ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Acquired by Strs Ohio

Strs Ohio boosted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Rating) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,300 shares of the real estate investment trust’s stock after purchasing an additional 2,300 shares during the period. Strs Ohio’s holdings in ARMOUR Residential REIT were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of ARMOUR Residential REIT by 9.6% in the first quarter. Vanguard Group Inc. now owns 10,403,354 shares of the real estate investment trust’s stock valued at $87,388,000 after buying an additional 911,850 shares during the period. Invesco Ltd. grew its position in ARMOUR Residential REIT by 18.5% in the first quarter. Invesco Ltd. now owns 4,871,715 shares of the real estate investment trust’s stock worth $40,922,000 after acquiring an additional 762,209 shares in the last quarter. State Street Corp grew its position in ARMOUR Residential REIT by 15.8% in the first quarter. State Street Corp now owns 3,341,593 shares of the real estate investment trust’s stock worth $28,069,000 after acquiring an additional 455,550 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of ARMOUR Residential REIT by 312.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 301,112 shares of the real estate investment trust’s stock worth $2,120,000 after buying an additional 228,099 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of ARMOUR Residential REIT by 17.5% during the 2nd quarter. Northern Trust Corp now owns 1,094,967 shares of the real estate investment trust’s stock worth $7,709,000 after buying an additional 162,920 shares during the period. 50.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on ARR shares. StockNews.com upgraded shares of ARMOUR Residential REIT to a “sell” rating in a research note on Tuesday, January 17th. Credit Suisse Group lowered their target price on shares of ARMOUR Residential REIT to $5.50 in a report on Thursday, October 13th. Barclays lowered their target price on shares of ARMOUR Residential REIT from $6.00 to $5.00 in a report on Friday, January 6th. Finally, B. Riley decreased their price objective on shares of ARMOUR Residential REIT from $8.50 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th.

ARMOUR Residential REIT Trading Up 0.7 %

Shares of NYSE ARR opened at $6.11 on Friday. The firm has a market cap of $807.38 million, a PE ratio of -2.17 and a beta of 1.14. ARMOUR Residential REIT, Inc. has a 1-year low of $4.38 and a 1-year high of $9.58. The company has a fifty day moving average price of $5.82 and a 200 day moving average price of $6.20.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, January 30th. Shareholders of record on Tuesday, January 17th will be issued a $0.10 dividend. The ex-dividend date is Friday, January 13th. This represents a $1.20 annualized dividend and a yield of 19.64%. ARMOUR Residential REIT’s dividend payout ratio is currently -42.70%.

ARMOUR Residential REIT Company Profile

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ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.