ARMOUR Residential REIT (ARR) Stake Lessened by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lowered its stake in shares of ARMOUR Residential REIT (NYSE:ARR) by 50.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,786 shares of the real estate investment trust’s stock after selling 14,274 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in ARMOUR Residential REIT were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC increased its holdings in shares of ARMOUR Residential REIT by 9.0% during the fourth quarter. Teachers Advisors LLC now owns 74,338 shares of the real estate investment trust’s stock valued at $1,912,000 after acquiring an additional 6,164 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of ARMOUR Residential REIT by 26.0% during the fourth quarter. Paloma Partners Management Co now owns 14,525 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 2,994 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of ARMOUR Residential REIT by 153.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 17,000 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 10,300 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of ARMOUR Residential REIT by 53.8% during the fourth quarter. Guggenheim Capital LLC now owns 202,073 shares of the real estate investment trust’s stock valued at $5,198,000 after acquiring an additional 70,685 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of ARMOUR Residential REIT by 290.5% during the fourth quarter. Wolverine Asset Management LLC now owns 29,349 shares of the real estate investment trust’s stock valued at $754,000 after acquiring an additional 21,834 shares in the last quarter. Hedge funds and other institutional investors own 60.23% of the company’s stock.

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In other ARMOUR Residential REIT news, CEO Jeffrey J. Zimmer purchased 6,500 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $22.52 per share, for a total transaction of $146,380.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James R. Mountain purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of $22.99 per share, for a total transaction of $91,960.00. Following the acquisition, the chief financial officer now owns 23,579 shares in the company, valued at approximately $542,081.21. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 12,500 shares of company stock worth $283,740. 1.60% of the stock is owned by corporate insiders.

ARR opened at $23.19 on Wednesday. ARMOUR Residential REIT has a 52-week low of $21.40 and a 52-week high of $27.60. The stock has a market cap of $966.11, a PE ratio of 8.85 and a beta of 0.53.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 57.51% and a return on equity of 9.46%. During the same quarter in the prior year, the company earned $0.71 EPS. sell-side analysts forecast that ARMOUR Residential REIT will post 2.45 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $2.28 annualized dividend and a yield of 9.83%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 87.02%.

Separately, Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

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About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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Institutional Ownership by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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