JPMorgan Chase & Co. Has $2.77 Million Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

JPMorgan Chase & Co. increased its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 106.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,706 shares of the real estate investment trust's stock after purchasing an additional 75,736 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of ARMOUR Residential REIT worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at approximately $1,848,000. Corebridge Financial Inc. grew its position in ARMOUR Residential REIT by 6.1% in the fourth quarter. Corebridge Financial Inc. now owns 29,857 shares of the real estate investment trust's stock valued at $563,000 after purchasing an additional 1,715 shares in the last quarter. Vanguard Group Inc. increased its stake in ARMOUR Residential REIT by 17.4% in the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock valued at $114,031,000 after buying an additional 895,433 shares during the last quarter. LPL Financial LLC lifted its position in ARMOUR Residential REIT by 140.3% during the 4th quarter. LPL Financial LLC now owns 73,352 shares of the real estate investment trust's stock worth $1,383,000 after buying an additional 42,823 shares in the last quarter. Finally, Simplify Asset Management Inc. boosted its stake in shares of ARMOUR Residential REIT by 10.0% during the 4th quarter. Simplify Asset Management Inc. now owns 27,500 shares of the real estate investment trust's stock worth $519,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Up 4.2 %

Shares of NYSE ARR opened at $14.68 on Wednesday. The business's 50 day moving average price is $17.25 and its two-hundred day moving average price is $18.39. The company has a market cap of $1.17 billion, a PE ratio of -34.13 and a beta of 1.23. ARMOUR Residential REIT, Inc. has a twelve month low of $13.18 and a twelve month high of $21.93.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 19.62%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -669.77%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JMP Securities reiterated 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 note on Tuesday, January 7th. BTIG Research assumed coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating for the company. Finally, StockNews.com downgraded shares of 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.

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