Bank of New York Mellon Corp Has $5.99 Million Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Bank of New York Mellon Corp increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,385 shares of the real estate investment trust's stock after buying an additional 22,563 shares during the quarter. Bank of New York Mellon Corp owned 0.57% of ARMOUR Residential REIT worth $5,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARR. Barclays PLC boosted its position in shares of ARMOUR Residential REIT by 300.6% during the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after acquiring an additional 93,397 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in ARMOUR Residential REIT by 70.3% during the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock worth $1,448,000 after purchasing an additional 29,306 shares during the period. State Street Corp boosted its holdings in ARMOUR Residential REIT by 1.5% during the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock valued at $36,880,000 after purchasing an additional 27,575 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of ARMOUR Residential REIT by 36.7% in the 4th quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust's stock valued at $8,485,000 after purchasing an additional 120,718 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of ARMOUR Residential REIT in the 3rd quarter valued at approximately $1,904,000. 54.17% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

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

ARMOUR Residential REIT Trading Down 0.4 %

NYSE ARR traded down $0.08 on Monday, hitting $18.73. 2,688,801 shares of the company were exchanged, compared to its average volume of 1,502,166. The company has a market cap of $1.88 billion, a P/E ratio of -43.55 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 1-year low of $17.35 and a 1-year high of $21.93. The firm has a 50 day moving average of $18.75 and a two-hundred day moving average of $19.23.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.38%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT's dividend payout ratio is currently -669.77%.

Insider Buying and Selling

In other ARMOUR Residential REIT news, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the sale, the director now owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the completion of the transaction, the director now directly owns 6,793 shares in the company, valued at $122,749.51. The trade was a 26.90 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

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.