Global Retirement Partners LLC Sells 25,285 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Global Retirement Partners LLC decreased its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 87.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,656 shares of the real estate investment trust's stock after selling 25,285 shares during the period. Global Retirement Partners LLC's holdings in ARMOUR Residential REIT were worth $69,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARR. McIlrath & Eck LLC bought a new position in ARMOUR Residential REIT during the 3rd quarter worth approximately $61,000. KBC Group NV grew its holdings in shares of ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 1,874 shares during the last quarter. 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 worth $137,000 after buying an additional 5,058 shares during the period. FMR LLC raised its holdings in ARMOUR Residential REIT by 36.5% during the 3rd 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 last quarter. Finally, Creative Planning boosted its position in ARMOUR Residential REIT by 19.7% during the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust's stock valued at $287,000 after buying an additional 2,311 shares during the period. Institutional investors own 54.17% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ARR. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Finally, BTIG Research began coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, ARMOUR Residential REIT has a consensus rating of "Hold" and an average price target of $20.50.

Insider Buying and Selling

In related news, Director Robert C. Hain sold 2,500 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the sale, the director now owns 6,793 shares of the company's stock, valued at $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the sale, the director now owns 363 shares in the company, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

ARMOUR Residential REIT Stock Up 0.2 %

Shares of NYSE:ARR traded up $0.04 on Tuesday, hitting $18.69. The company had a trading volume of 1,547,405 shares, compared to its average volume of 1,449,788. ARMOUR Residential REIT, Inc. has a 1 year low of $17.35 and a 1 year high of $21.93. The firm's 50-day simple moving average is $18.78 and its two-hundred day simple moving average is $19.33. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -43.48 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 27th. Investors 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 15.41%. ARMOUR Residential REIT's dividend payout ratio is presently -669.77%.

ARMOUR Residential REIT Company 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.