New York State Teachers Retirement System Cuts Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

New York State Teachers Retirement System lessened its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 80.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,829 shares of the real estate investment trust’s stock after selling 159,324 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of ARMOUR Residential REIT worth $769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in ARMOUR Residential REIT by 22.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,455,027 shares of the real estate investment trust’s stock worth $6,184,000 after acquiring an additional 270,192 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in shares of ARMOUR Residential REIT during the third quarter worth $241,000. Rhumbline Advisers grew its holdings in shares of ARMOUR Residential REIT by 18.5% during the third quarter. Rhumbline Advisers now owns 660,713 shares of the real estate investment trust’s stock worth $2,808,000 after buying an additional 103,248 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ARMOUR Residential REIT by 93.5% during the third quarter. Invesco Ltd. now owns 7,011,244 shares of the real estate investment trust’s stock worth $29,798,000 after buying an additional 3,387,825 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of ARMOUR Residential REIT by 10.7% during the third quarter. Principal Financial Group Inc. now owns 1,231,061 shares of the real estate investment trust’s stock worth $5,232,000 after buying an additional 119,460 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Up 1.2 %

Shares of ARR opened at $17.72 on Friday. ARMOUR Residential REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $27.00. The firm has a 50-day moving average price of $19.06 and a 200 day moving average price of $18.48. The firm has a market capitalization of $863.85 million, a P/E ratio of -9.28 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 16.25%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT’s dividend payout ratio is currently -150.78%.

Wall Street Analyst Weigh In

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

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.