New York State Teachers Retirement System Has $970,000 Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

New York State Teachers Retirement System raised its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 27.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,413 shares of the real estate investment trust’s stock after purchasing an additional 11,184 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of ARMOUR Residential REIT worth $970,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of ARMOUR Residential REIT by 1.5% during the third 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 last quarter. Geode Capital Management LLC grew its stake in shares of ARMOUR Residential REIT by 0.8% during the third 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ARMOUR Residential REIT by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock worth $9,231,000 after buying an additional 9,425 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of ARMOUR Residential REIT by 36.7% during the fourth quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust’s stock worth $8,485,000 after buying an additional 120,718 shares during the last quarter. Finally, Barclays PLC grew 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 worth $2,539,000 after buying an additional 93,397 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $18.89 on Monday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -43.92 and a beta of 1.48. The firm’s 50-day simple moving average is $18.77 and its 200 day simple moving average is $19.38.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 17th. This represents a $2.88 annualized dividend and a dividend yield of 15.25%. ARMOUR Residential REIT’s dividend payout ratio is currently -669.77%.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ARR shares. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. BTIG Research began coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, ARMOUR Residential REIT 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.