Jupiter Asset Management Ltd. Invests $19.87 Million in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Jupiter Asset Management Ltd. acquired a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,053,261 shares of the real estate investment trust's stock, valued at approximately $19,865,000. Jupiter Asset Management Ltd. owned 1.89% of ARMOUR Residential REIT at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA purchased a new position in ARMOUR Residential REIT during the 4th quarter valued at about $28,000. McIlrath & Eck LLC purchased a new position in ARMOUR Residential REIT during the 3rd quarter valued at about $61,000. KBC Group NV grew its stake in ARMOUR Residential REIT by 117.8% during the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock valued at $65,000 after acquiring an additional 1,874 shares in the last quarter. US Bancorp DE grew its stake in ARMOUR Residential REIT by 304.3% during the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust's stock valued at $137,000 after acquiring an additional 5,058 shares in the last quarter. Finally, FMR LLC grew its stake 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 acquiring an additional 2,003 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the company's stock in a transaction that occurred on 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 sale, the director now owns 6,793 shares of the company's stock, valued at $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, the director now directly 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. Company insiders own 0.35% of the company's stock.

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Analyst Upgrades and Downgrades

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

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR traded up $0.23 during trading hours on Friday, hitting $18.81. The stock had a trading volume of 3,030,204 shares, compared to its average volume of 1,508,194. The company has a market capitalization of $1.89 billion, a P/E ratio of -43.75 and a beta of 1.53. The firm's 50-day moving average price is $18.76 and its two-hundred day moving average price is $19.25. ARMOUR Residential REIT, Inc. has a 52 week low of $17.35 and a 52 week high of $21.93.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a yield of 15.31%. ARMOUR Residential REIT's 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.