Wolverine Asset Management LLC Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Wolverine Asset Management LLC bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 357,819 shares of the real estate investment trust’s stock, valued at approximately $6,913,000. Wolverine Asset Management LLC owned approximately 0.73% of ARMOUR Residential REIT as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARR. CWM LLC grew its position in ARMOUR Residential REIT by 12.6% during the third quarter. CWM LLC now owns 6,803 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 760 shares in the last quarter. SG Americas Securities LLC bought a new position in ARMOUR Residential REIT during the third quarter worth about $374,000. State of Alaska Department of Revenue lifted its stake in ARMOUR Residential REIT by 10.5% during the third quarter. State of Alaska Department of Revenue now owns 142,147 shares of the real estate investment trust’s stock worth $604,000 after purchasing an additional 13,505 shares during the period. Commonwealth Equity Services LLC lifted its stake in ARMOUR Residential REIT by 15.5% during the third quarter. Commonwealth Equity Services LLC now owns 20,060 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,699 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in ARMOUR Residential REIT during the third quarter worth about $101,000. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR traded up $0.61 during trading on Tuesday, reaching $18.99. The stock had a trading volume of 1,185,804 shares, compared to its average volume of 1,160,099. The stock has a market capitalization of $925.52 million, a PE ratio of -9.94 and a beta of 1.48. The business’s 50-day moving average price is $19.03 and its 200 day moving average price is $18.46. ARMOUR Residential REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $27.00.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.17%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT’s dividend payout ratio is currently -150.78%.

Analysts Set New Price Targets

ARR has been the subject of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 5th.

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.