ExodusPoint Capital Management LP Reduces Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

ExodusPoint Capital Management LP cut its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 79.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,940 shares of the real estate investment trust's stock after selling 57,801 shares during the period. ExodusPoint Capital Management LP's holdings in ARMOUR Residential REIT were worth $282,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ARR shares. StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. B. Riley upgraded shares of ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. Finally, JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Up 2.4 %

Shares of NYSE:ARR traded up $0.34 on Thursday, hitting $14.31. 1,702,485 shares of the company traded hands, compared to its average volume of 2,893,915. The company has a market cap of $1.14 billion, a PE ratio of -33.27 and a beta of 1.23. The stock has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $18.55. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $2.88 annualized dividend and a dividend yield of 20.13%. ARMOUR Residential REIT's dividend payout ratio is presently -669.77%.

About ARMOUR Residential REIT

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.