Victory Capital Management Inc. lessened its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR – Free Report) by 30.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,466 shares of the real estate investment trust’s stock after selling 82,076 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of ARMOUR Residential REIT worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of ARMOUR Residential REIT by 11.1% during the first quarter. Amalgamated Bank now owns 66,902 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 6,683 shares during the period. Texas Permanent School Fund Corp increased its stake in ARMOUR Residential REIT by 64.3% in the first quarter. Texas Permanent School Fund Corp now owns 145,200 shares of the real estate investment trust’s stock valued at $762,000 after purchasing an additional 56,815 shares during the last quarter. SG Americas Securities LLC boosted its stake in ARMOUR Residential REIT by 341.9% in the 1st quarter. SG Americas Securities LLC now owns 57,835 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 44,746 shares during the last quarter. New York State Teachers Retirement System boosted its stake in ARMOUR Residential REIT by 3.7% in the 1st quarter. New York State Teachers Retirement System now owns 186,353 shares of the real estate investment trust’s stock worth $978,000 after buying an additional 6,700 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in ARMOUR Residential REIT by 18.4% in the 1st quarter. Arizona State Retirement System now owns 38,288 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 5,941 shares during the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.
ARMOUR Residential REIT Trading Down 0.4 %
Shares of ARR opened at $5.07 on Wednesday. ARMOUR Residential REIT, Inc. has a 52 week low of $4.38 and a 52 week high of $7.90. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -7.46 and a beta of 1.22. The stock has a 50 day moving average of $5.16 and a 200-day moving average of $5.27.
ARMOUR Residential REIT Announces Dividend
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on ARMOUR Residential REIT in a report on Thursday, May 18th. They issued a “sell” rating on the stock.
Get Our Latest Stock Analysis on ARR
ARMOUR Residential REIT Profile
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as money market instruments.
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