Cwm LLC Trims Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Cwm LLC lessened its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,697 shares of the real estate investment trust’s stock after selling 4,106 shares during the quarter. Cwm LLC’s holdings in ARMOUR Residential REIT were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at approximately $187,000. Louisiana State Employees Retirement System purchased a new stake in ARMOUR Residential REIT in the fourth quarter valued at $473,000. Vanguard Group Inc. lifted 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 valued at $106,115,000 after purchasing an additional 3,550,122 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in ARMOUR Residential REIT by 65.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 61,174 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 24,200 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in ARMOUR Residential REIT by 153.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 628,499 shares of the real estate investment trust’s stock worth $2,671,000 after purchasing an additional 380,225 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARR shares. StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $19.35 on Friday. The firm’s 50-day moving average is $18.99 and its two-hundred day moving average is $18.53. The stock has a market capitalization of $943.35 million, a P/E ratio of -26.88 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $27.00.

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

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 15th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 14.88%. The ex-dividend date is Tuesday, May 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -400.00%.

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.