Van ECK Associates Corp Cuts Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Van ECK Associates Corp trimmed its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 72.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 406,372 shares of the real estate investment trust’s stock after selling 1,048,655 shares during the quarter. Van ECK Associates Corp’s holdings in ARMOUR Residential REIT were worth $7,851,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of ARMOUR Residential REIT by 16.6% in the 3rd quarter. Vanguard Group Inc. now owns 24,968,254 shares of the real estate investment trust’s stock worth $106,115,000 after purchasing an additional 3,550,122 shares during the period. Invesco Ltd. raised its holdings in shares of 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 purchasing an additional 3,387,825 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of ARMOUR Residential REIT by 2,118.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,008,944 shares of the real estate investment trust’s stock worth $8,538,000 after purchasing an additional 1,918,406 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of ARMOUR Residential REIT by 19.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,807,801 shares of the real estate investment trust’s stock worth $7,683,000 after purchasing an additional 299,802 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of ARMOUR Residential REIT by 13.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,698,486 shares of the real estate investment trust’s stock worth $7,219,000 after purchasing an additional 194,813 shares during the period. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $19.02 on Friday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $27.00. The firm has a market cap of $927.23 million, a P/E ratio of -26.42 and a beta of 1.48. The stock has a 50-day simple moving average of $18.99 and a 200-day simple moving average of $18.44.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Friday, April 26th. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.22. ARMOUR Residential REIT had a positive return on equity of 15.68% and a negative net margin of 3.83%. The business had revenue of $141.48 million during the quarter, compared to analyst estimates of $39.60 million. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.46 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.24 per share. 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 dividend payout ratio (DPR) is presently -399.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ARR shares. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note 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.