Nisa Investment Advisors LLC Lowers Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Nisa Investment Advisors LLC cut its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 78.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,927 shares of the real estate investment trust’s stock after selling 139,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ARMOUR Residential REIT were worth $752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ARR. MAS Advisors LLC purchased a new stake in ARMOUR Residential REIT in the first quarter valued at approximately $331,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $41,000 after purchasing an additional 1,901 shares during the period. MetLife Investment Management LLC grew its holdings in ARMOUR Residential REIT by 42.0% in the first quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 12,162 shares during the period. Rhumbline Advisers grew its holdings in ARMOUR Residential REIT by 1.3% in the first 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 period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in ARMOUR Residential REIT by 14.1% in the first 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 period. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 2.6 %

Shares of ARR stock opened at $17.36 on Wednesday. The stock has a market cap of $846.30 million, a price-to-earnings ratio of -9.09 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $27.00. The firm’s 50 day moving average price is $19.10 and its two-hundred day moving average price is $18.50.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 dividend on an annualized basis and a yield of 16.59%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -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.