Norges Bank Acquires Shares of 138,849 ARMOUR Residential REIT, Inc. (NYSE:ARR)

Norges Bank bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 138,849 shares of the real estate investment trust's stock, valued at approximately $2,619,000. Norges Bank owned about 0.25% of ARMOUR Residential REIT 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. Vanguard Group Inc. raised its stake in ARMOUR Residential REIT by 17.4% in the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock valued at $114,031,000 after acquiring an additional 895,433 shares during the period. State Street Corp boosted its holdings in shares of ARMOUR Residential REIT by 1.5% during 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 buying an additional 27,575 shares during the period. Geode Capital Management LLC boosted its holdings in shares of ARMOUR Residential REIT by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust's stock worth $23,427,000 after buying an additional 9,519 shares during the period. Jupiter Asset Management Ltd. acquired a new position in ARMOUR Residential REIT in the 4th quarter valued at about $19,865,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in ARMOUR Residential REIT by 10.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust's stock valued at $9,425,000 after acquiring an additional 47,256 shares during the period. 54.17% of the stock is owned by institutional investors.

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ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded down $0.19 during mid-day trading on Tuesday, reaching $14.25. 2,969,163 shares of the company were exchanged, compared to its average volume of 1,753,115. The company has a fifty day simple moving average of $17.81 and a 200-day simple moving average of $18.61. The firm has a market cap of $1.14 billion, a PE ratio of -33.13 and a beta of 1.23. ARMOUR Residential REIT, Inc. has a 12 month low of $13.18 and a 12 month high of $21.93.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 20.22%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -669.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ARR shares. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating for the company. Finally, B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.