AlphaQuest LLC Has $445,000 Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

AlphaQuest LLC trimmed its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 74.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,617 shares of the real estate investment trust's stock after selling 69,726 shares during the quarter. AlphaQuest LLC's holdings in ARMOUR Residential REIT were worth $445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA bought a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at $28,000. McIlrath & Eck LLC acquired a new position in ARMOUR Residential REIT during the 3rd quarter worth about $61,000. KBC Group NV lifted its holdings in ARMOUR Residential REIT by 117.8% during the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after buying an additional 1,874 shares during the period. US Bancorp DE increased its stake in shares of ARMOUR Residential REIT by 304.3% in the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust's stock valued at $137,000 after buying an additional 5,058 shares during the period. Finally, FMR LLC increased its stake in shares of ARMOUR Residential REIT by 36.5% in the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust's stock valued at $153,000 after buying an additional 2,003 shares during the period. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $18.62 on Friday. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -43.29 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The stock's 50 day moving average price is $18.77 and its two-hundred day moving average price is $19.27.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.47%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT's dividend payout ratio is presently -669.77%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.50.

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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.

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