Voya Investment Management LLC Decreases Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Voya Investment Management LLC trimmed its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,361 shares of the real estate investment trust’s stock after selling 1,136 shares during the period. Voya Investment Management LLC’s holdings in ARMOUR Residential REIT were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC boosted its stake in shares of ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock valued at $2,539,000 after purchasing an additional 93,397 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $1,448,000 after purchasing an additional 29,306 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in ARMOUR Residential REIT by 75.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 52,478 shares of the real estate investment trust’s stock valued at $990,000 after buying an additional 22,500 shares during the last quarter. KBC Group NV raised its stake in ARMOUR Residential REIT by 117.8% during the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,874 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in ARMOUR Residential REIT by 12.1% during the fourth quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust’s stock valued at $393,000 after buying an additional 2,253 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Stock Up 0.7%

ARMOUR Residential REIT stock opened at $16.97 on Tuesday. The stock has a 50-day moving average price of $16.51 and a 200 day moving average price of $18.03. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -39.46 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 52 week low of $13.18 and a 52 week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to analysts’ expectations of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. Research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 annualized dividend and a dividend yield of 16.98%. ARMOUR Residential REIT’s dividend payout ratio is presently -822.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARR. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Jones Trading reaffirmed a “hold” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Finally, BTIG Research assumed coverage on ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.50.

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.