ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,742 shares of the real estate investment trust's stock after acquiring an additional 47,256 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.90% of ARMOUR Residential REIT worth $9,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC increased its holdings in ARMOUR Residential REIT by 300.6% during the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock worth $2,539,000 after purchasing an additional 93,397 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ARMOUR Residential REIT by 70.3% during the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock worth $1,448,000 after buying an additional 29,306 shares during the period. State Street Corp raised its holdings in ARMOUR Residential REIT by 1.5% in the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock valued at $36,880,000 after acquiring an additional 27,575 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in ARMOUR Residential REIT in the fourth quarter worth approximately $419,000. Finally, Van ECK Associates Corp grew its holdings in ARMOUR Residential REIT by 36.7% during the 4th quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust's stock worth $8,485,000 after acquiring an additional 120,718 shares in the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT 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 completion of the sale, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. Finally, BTIG Research started coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Down 2.8 %

NYSE:ARR traded down $0.52 during trading hours on Wednesday, reaching $17.65. 4,047,076 shares of the company's stock were exchanged, compared to its average volume of 1,572,030. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -41.03 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 1-year low of $17.35 and a 1-year high of $21.93. The company has a 50-day moving average of $18.76 and a 200 day moving average of $19.15.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 16.32%. The ex-dividend date of this dividend is Tuesday, April 15th. ARMOUR Residential REIT's dividend payout ratio is currently -669.77%.

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.