Everence Capital Management Inc. Cuts Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Everence Capital Management Inc. trimmed its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 61.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,082 shares of the real estate investment trust’s stock after selling 20,628 shares during the quarter. Everence Capital Management Inc.’s holdings in ARMOUR Residential REIT were worth $253,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ARR. MAS Advisors LLC purchased a new position in shares of ARMOUR Residential REIT in the 1st quarter worth about $331,000. PNC Financial Services Group Inc. raised its holdings in shares of ARMOUR Residential REIT by 66.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,901 shares during the period. MetLife Investment Management LLC raised its holdings in shares of ARMOUR Residential REIT by 42.0% during the 1st quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 12,162 shares during the period. Rhumbline Advisers raised its holdings in shares of ARMOUR Residential REIT by 1.3% during the 1st quarter. Rhumbline Advisers now owns 244,644 shares of the real estate investment trust’s stock valued at $2,055,000 after buying an additional 3,134 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of ARMOUR Residential REIT by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,321 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 9,534 shares during the period. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $17.72 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $27.00. The business has a 50 day moving average price of $19.06 and a two-hundred day moving average price of $18.48.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, April 12th. This represents a $2.88 dividend on an annualized basis and a yield of 16.25%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -150.78%.

Analyst Ratings Changes

Several brokerages recently commented on ARR. StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday.

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.