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

Bank of New York Mellon Corp increased its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,385 shares of the real estate investment trust's stock after purchasing an additional 22,563 shares during the period. Bank of New York Mellon Corp owned approximately 0.57% of ARMOUR Residential REIT worth $5,986,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Winebrenner Capital Management LLC bought a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at about $189,000. Principal Financial Group Inc. lifted its holdings in shares of ARMOUR Residential REIT by 17.6% in the fourth quarter. Principal Financial Group Inc. now owns 270,413 shares of the real estate investment trust's stock valued at $5,100,000 after purchasing an additional 40,538 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of ARMOUR Residential REIT by 11.7% in the fourth quarter. Rhumbline Advisers now owns 157,659 shares of the real estate investment trust's stock valued at $2,973,000 after purchasing an additional 16,523 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of ARMOUR Residential REIT by 27.8% in the fourth quarter. New York State Teachers Retirement System now owns 51,413 shares of the real estate investment trust's stock valued at $970,000 after purchasing an additional 11,184 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of ARMOUR Residential REIT by 36.7% in the fourth 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 in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

Remove Ads

ARMOUR Residential REIT Stock Up 0.2 %

Shares of ARR traded up $0.05 during midday trading on Tuesday, hitting $18.77. The company's stock had a trading volume of 1,373,039 shares, compared to its average volume of 1,512,445. ARMOUR Residential REIT, Inc. has a one year low of $17.35 and a one year high of $21.93. The company's fifty day simple moving average is $18.75 and its two-hundred day simple moving average is $19.23. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -43.64 and a beta of 1.53.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.88 annualized dividend and a dividend yield of 15.35%. ARMOUR Residential REIT's payout ratio is -669.77%.

Insider Activity

In other news, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the transaction, the director now owns 363 shares in the company, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction on 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 owns 6,793 shares in the company, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ARR. BTIG Research began coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. Finally, StockNews.com lowered 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 given a hold rating to the company. According to MarketBeat.com, ARMOUR Residential REIT has a consensus rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT 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.