JMP Securities reissued their market perform rating on shares of ARMOUR Residential REIT (NYSE:ARR – Free Report) in a research report sent to investors on Thursday morning, Benzinga reports.
Separately, StockNews.com lowered ARMOUR Residential REIT from a hold rating to a sell rating in a report on Friday, April 5th.
Read Our Latest Research Report on ARR
ARMOUR Residential REIT Stock Up 1.2 %
ARMOUR Residential REIT Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Investors 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 16.25%. ARMOUR Residential REIT’s dividend payout ratio is -150.78%.
Institutional Trading of ARMOUR Residential REIT
Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $431,000. Voya Investment Management LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $329,000. Nuveen Asset Management LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $2,017,000. Clear Street Markets LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $58,000. Finally, Creative Planning raised its holdings in shares of ARMOUR Residential REIT by 7.8% during the fourth quarter. Creative Planning now owns 12,823 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 923 shares in the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.
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.
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