Rhumbline Advisers increased its stake in ARMOUR Residential REIT (NYSE:ARR) by 26.9% in the third quarter, now holding 340,580 shares valued at approximately $5.09 million. Other institutional investors also adjusted their positions, with 54.17% of the stock owned by institutions and hedge funds. The REIT recently reported quarterly EPS of $0.71, missing estimates, and declared a monthly dividend of $0.24 per share, representing an annualized yield of 16.0%.
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Rhumbline Advisers Has $5.09 Million Position in ARMOUR Residential REIT, Inc. $ARR
Rhumbline Advisers increased its stake in ARMOUR Residential REIT (NYSE:ARR) by 26.9% in the third quarter, now holding 340,580 shares valued at approximately $5.09 million. Other institutional investors also adjusted their positions, with 54.17% of the stock owned by institutions and hedge funds. The REIT recently reported quarterly EPS of $0.71, missing estimates, and declared a monthly dividend of $0.24 per share, representing an annualized yield of 16.0%.