Geode Capital Management LLC Has $24.61 Million Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Geode Capital Management LLC grew its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304,665 shares of the real estate investment trust's stock after acquiring an additional 156,514 shares during the period. Geode Capital Management LLC owned about 2.34% of ARMOUR Residential REIT worth $24,611,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock worth $2,539,000 after buying an additional 93,397 shares during the period. JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 29,306 shares during the last quarter. State Street Corp increased its holdings in shares of ARMOUR Residential REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock worth $36,880,000 after acquiring an additional 27,575 shares during the period. Norges Bank bought a new stake in ARMOUR Residential REIT in the 4th quarter valued at about $2,619,000. Finally, Proficio Capital Partners LLC acquired a new position in ARMOUR Residential REIT during the 4th quarter valued at about $419,000. Institutional investors and hedge funds own 54.17% of the company's stock.

Wall Street Analyst Weigh In

ARR has been the subject of several research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research started coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating for the company. StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Finally, B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, ARMOUR Residential REIT currently has an average rating of "Hold" and a consensus price target of $20.50.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR traded up $0.09 during midday trading on Wednesday, reaching $14.79. The company had a trading volume of 1,457,549 shares, compared to its average volume of 1,786,875. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -34.41 and a beta of 1.23. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.93. The company has a fifty day simple moving average of $17.25 and a two-hundred day simple moving average of $18.39.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 19.48%. The ex-dividend date of this dividend is Tuesday, April 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -669.77%.

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.