Mirae Asset Global Investments Co. Ltd. Sells 1,610,881 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Mirae Asset Global Investments Co. Ltd. cut its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 80.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 398,063 shares of the real estate investment trust’s stock after selling 1,610,881 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.81% of ARMOUR Residential REIT worth $7,691,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of ARMOUR Residential REIT by 12.6% during the 3rd quarter. CWM LLC now owns 6,803 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 760 shares during the period. Russell Investments Group Ltd. bought a new position in shares of ARMOUR Residential REIT during the 1st quarter worth about $30,000. PNC Financial Services Group Inc. lifted its holdings in shares of ARMOUR Residential REIT by 66.4% during the 1st 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 during the period. Ieq Capital LLC bought a new position in shares of ARMOUR Residential REIT during the 3rd quarter worth about $43,000. Finally, FMR LLC lifted its holdings in shares of ARMOUR Residential REIT by 57.7% during the 3rd quarter. FMR LLC now owns 11,414 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 4,175 shares during the period. 54.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

ARMOUR Residential REIT Stock Down 0.5 %

Shares of ARMOUR Residential REIT stock opened at $18.42 on Friday. The stock has a market capitalization of $897.98 million, a P/E ratio of -9.64 and a beta of 1.48. The company has a 50-day simple moving average of $19.15 and a 200 day simple moving average of $18.56. ARMOUR Residential REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $27.00.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.64%. The ex-dividend date is Friday, April 12th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -150.78%.

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.