Charles Schwab Investment Management Inc. Has $9.43 Million Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

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

A number of other hedge funds also recently made changes to their positions in the business. Private Trust Co. NA bought a new stake in ARMOUR Residential REIT during the 4th quarter valued at $28,000. Proficio Capital Partners LLC acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at $419,000. Kovack Advisors Inc. raised its stake in shares of ARMOUR Residential REIT by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust's stock valued at $412,000 after purchasing an additional 1,003 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in ARMOUR Residential REIT by 13.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,118 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 1,600 shares during the period. Finally, Amalgamated Bank grew its position in ARMOUR Residential REIT by 11.6% in the 4th quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust's stock valued at $304,000 after buying an additional 1,679 shares in the last quarter. Institutional investors own 54.17% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ARR. JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. BTIG Research started coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating for the company. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. Finally, StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of "Hold" and a consensus price target of $20.50.

ARMOUR Residential REIT Stock Down 2.1 %

NYSE:ARR traded down $0.39 during trading hours on Tuesday, reaching $18.15. 2,728,456 shares of the company's stock were exchanged, compared to its average volume of 1,560,077. The company has a market capitalization of $1.82 billion, a P/E ratio of -42.21 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The business's 50-day simple moving average is $18.76 and its two-hundred day simple moving average is $19.15.

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 issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.87%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT's payout ratio is -669.77%.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction 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 owns 363 shares of the company's stock, valued at $6,817.14. The trade was 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.

About ARMOUR Residential REIT

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.