Invesco Ltd. Buys 754,582 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Invesco Ltd. boosted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 86.3% in the fourth quarter, Holdings Channel reports. The firm owned 1,628,903 shares of the real estate investment trust’s stock after acquiring an additional 754,582 shares during the period. Invesco Ltd.’s holdings in ARMOUR Residential REIT were worth $30,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARR. Vanguard Group Inc. boosted its holdings in shares of ARMOUR Residential REIT by 17.4% during the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust’s stock worth $114,031,000 after buying an additional 895,433 shares during the period. State Street Corp lifted its position in 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 acquiring an additional 27,575 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ARMOUR Residential REIT by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust’s stock valued at $24,611,000 after acquiring an additional 156,514 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of ARMOUR Residential REIT in the fourth quarter worth about $19,865,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of ARMOUR Residential REIT by 10.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust’s stock worth $9,425,000 after purchasing an additional 47,256 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

ARMOUR Residential REIT Price Performance

Shares of ARR stock opened at $14.29 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of -33.22 and a beta of 1.23. The stock has a fifty day moving average price of $17.53 and a 200 day moving average price of $18.51. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, April 15th. This represents a $2.88 dividend on an annualized basis and a yield of 20.16%. ARMOUR Residential REIT’s payout ratio 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.