ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 80.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,529 shares of the real estate investment trust’s stock after selling 34,117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ARMOUR Residential REIT were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at $374,000. Commonwealth Equity Services LLC lifted its position in ARMOUR Residential REIT by 15.5% in the third quarter. Commonwealth Equity Services LLC now owns 20,060 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,699 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in ARMOUR Residential REIT during the third quarter worth about $101,000. Xponance Inc. increased its position in shares of ARMOUR Residential REIT by 14.9% during the third quarter. Xponance Inc. now owns 13,306 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,727 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 valued at $7,219,000 after acquiring an additional 194,813 shares during the period. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

Shares of ARR opened at $19.09 on Thursday. ARMOUR Residential REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $27.00. The company’s 50-day simple moving average is $18.99 and its 200-day simple moving average is $18.52. The stock has a market capitalization of $930.43 million, a PE ratio of -26.51 and a beta of 1.48.

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

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.88 annualized dividend and a dividend yield of 15.09%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -400.00%.

Wall Street Analysts Forecast Growth

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

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.