Arizona State Retirement System Sells 41,968 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Arizona State Retirement System lessened its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 75.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,700 shares of the real estate investment trust’s stock after selling 41,968 shares during the period. Arizona State Retirement System’s holdings in ARMOUR Residential REIT were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. MAS Advisors LLC acquired a new position in ARMOUR Residential REIT in the 1st quarter valued at $331,000. PNC Financial Services Group Inc. grew its holdings in ARMOUR Residential REIT by 66.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,901 shares in the last quarter. MetLife Investment Management LLC grew its holdings in ARMOUR Residential REIT by 42.0% in the 1st quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 12,162 shares in the last quarter. Rhumbline Advisers grew its holdings in ARMOUR Residential REIT by 1.3% in the 1st quarter. Rhumbline Advisers now owns 244,644 shares of the real estate investment trust’s stock valued at $2,055,000 after buying an additional 3,134 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in ARMOUR Residential REIT by 14.1% in the 1st 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 buying an additional 9,534 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

ARMOUR Residential REIT Stock Performance

ARR opened at $18.17 on Monday. The firm has a market cap of $885.79 million, a P/E ratio of -9.51 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $27.00. The business’s fifty day moving average is $19.05 and its 200-day moving average is $18.46.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 15.85%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -150.78%.

About ARMOUR Residential REIT

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.