Intech Investment Management LLC Acquires 16,068 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Intech Investment Management LLC raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 101.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,866 shares of the real estate investment trust's stock after purchasing an additional 16,068 shares during the period. Intech Investment Management LLC owned 0.06% of ARMOUR Residential REIT worth $601,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after buying an additional 93,397 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ARMOUR Residential REIT by 70.3% in the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock worth $1,448,000 after purchasing an additional 29,306 shares during the last quarter. State Street Corp raised its holdings in shares of 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 purchasing an additional 27,575 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in ARMOUR Residential REIT during the fourth quarter worth $419,000. Finally, Van ECK Associates Corp boosted its holdings in shares of ARMOUR Residential REIT by 36.7% in 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 buying an additional 120,718 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In related news, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT 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 sale, the director now owns 363 shares in the company, valued at $6,817.14. The trade was a 98.56 % 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 Robert C. Hain sold 2,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the transaction, the director now directly owns 6,793 shares of the company's stock, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company's stock.

ARMOUR Residential REIT Price Performance

ARR stock traded down $0.39 during mid-day trading on Tuesday, reaching $18.15. 2,728,456 shares of the company traded hands, compared to its average volume of 1,560,077. The company has a fifty day moving average price of $18.76 and a 200-day moving average price of $19.15. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 15.87%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -669.77%.

Analyst Ratings Changes

Several analysts have issued reports on ARR shares. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a "neutral" rating for the company. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, ARMOUR Residential REIT presently has a consensus rating of "Hold" and an average target price of $20.50.

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.