Alliancebernstein L.P. Sells 6,248 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Alliancebernstein L.P. decreased its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,047 shares of the real estate investment trust’s stock after selling 6,248 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of ARMOUR Residential REIT worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its stake in ARMOUR Residential REIT by 36.5% in the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 2,003 shares during the period. State Street Corp increased its stake in shares of ARMOUR Residential REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock worth $36,880,000 after acquiring an additional 27,575 shares in the last quarter. Barclays PLC boosted its stake in ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 93,397 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ARMOUR Residential REIT by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock valued at $23,427,000 after purchasing an additional 9,519 shares in the last quarter. Finally, McIlrath & Eck LLC purchased a new position in ARMOUR Residential REIT during the third quarter valued at $61,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARR opened at $14.29 on Friday. The firm’s fifty day moving average is $17.53 and its 200 day moving average is $18.51. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $21.93. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -33.22 and a beta of 1.23.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 20.16%. ARMOUR Residential REIT’s dividend payout ratio is -669.77%.

Analyst Ratings Changes

Several research analysts have issued reports on ARR shares. BTIG Research began coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating for the company. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

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.