Geode Capital Management LLC Boosts Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Geode Capital Management LLC increased its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,304,665 shares of the real estate investment trust’s stock after acquiring an additional 156,514 shares during the quarter. Geode Capital Management LLC owned about 2.34% of ARMOUR Residential REIT worth $24,611,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA bought a new stake in shares of ARMOUR Residential REIT during the 4th quarter valued at about $28,000. McIlrath & Eck LLC purchased a new position in shares of ARMOUR Residential REIT during the 3rd quarter worth approximately $61,000. KBC Group NV raised its position in shares of ARMOUR Residential REIT by 117.8% in the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,874 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of ARMOUR Residential REIT in the 4th quarter valued at approximately $75,000. Finally, FMR LLC boosted its position in shares of ARMOUR Residential REIT by 36.5% during the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 2,003 shares in the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

Shares of ARR stock opened at $14.29 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -33.22 and a beta of 1.23. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93. The company’s 50-day moving average is $17.53 and its 200 day moving average is $18.51.

ARMOUR Residential REIT Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the company. BTIG Research started coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating for the company. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. Finally, StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, ARMOUR Residential REIT presently has an average rating of “Hold” and a consensus target price 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.