ARMOUR Residential REIT, Inc. (NYSE:ARR) Holdings Increased by Arizona State Retirement System

Arizona State Retirement System raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARRFree Report) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,668 shares of the real estate investment trust’s stock after purchasing an additional 1,604 shares during the quarter. Arizona State Retirement System owned approximately 0.11% of ARMOUR Residential REIT worth $237,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ARR. MAS Advisors LLC bought a new stake in shares of ARMOUR Residential REIT in the 1st quarter valued at approximately $331,000. PNC Financial Services Group Inc. grew its position 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 acquiring an additional 1,901 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of ARMOUR Residential REIT by 42.0% during the 1st quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 12,162 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of ARMOUR Residential REIT by 1.3% in the 1st quarter. Rhumbline Advisers now owns 244,644 shares of the real estate investment trust’s stock valued at $2,055,000 after purchasing an additional 3,134 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ARMOUR Residential REIT by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,321 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 9,534 shares during the last quarter. 42.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARR has been the subject of a number of analyst reports. StockNews.com raised ARMOUR Residential REIT to a “sell” rating in a research report on Thursday, December 7th. UBS Group initiated coverage on ARMOUR Residential REIT in a report on Wednesday, December 6th. They issued a “neutral” rating and a $18.50 target price for the company. Finally, B. Riley increased their price target on ARMOUR Residential REIT from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 16th.

View Our Latest Stock Analysis on ARMOUR Residential REIT

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton sold 61,682 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $19.46, for a total transaction of $1,200,331.72. Following the completion of the transaction, the chairman now directly owns 10,500 shares in the company, valued at $204,330. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

ARMOUR Residential REIT Price Performance

ARR stock opened at $18.84 on Friday. The stock has a market capitalization of $922.97 million, a price-to-earnings ratio of -14.27 and a beta of 1.47. The company has a 50-day moving average of $19.29 and a two-hundred day moving average of $20.26. ARMOUR Residential REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $30.90.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, February 14th. This represents a $2.88 annualized dividend and a yield of 15.29%. ARMOUR Residential REIT’s payout ratio is -218.18%.

About ARMOUR Residential REIT

(Free Report)

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.

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Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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