76,755 Shares in ARMOUR Residential REIT, Inc. (NYSE:ARR) Bought by Kiker Wealth Management LLC

Kiker Wealth Management LLC bought a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 76,755 shares of the real estate investment trust's stock, valued at approximately $1,448,000. ARMOUR Residential REIT accounts for approximately 1.2% of Kiker Wealth Management LLC's holdings, making the stock its 21st largest position. Kiker Wealth Management LLC owned approximately 0.14% of ARMOUR Residential REIT as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $28,000. McIlrath & Eck LLC bought a new position in ARMOUR Residential REIT during the 3rd quarter valued at $61,000. KBC Group NV increased its position in shares of 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 purchasing an additional 1,874 shares during the period. FMR LLC raised its stake in shares of ARMOUR Residential REIT by 36.5% in the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust's stock worth $153,000 after buying an additional 2,003 shares in the last quarter. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at $189,000. 54.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BTIG Research initiated coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. StockNews.com lowered shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Finally, B. Riley upgraded shares of ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. One research 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, the stock presently has a consensus rating of "Hold" and an average price target of $20.50.

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ARMOUR Residential REIT Trading Down 2.1 %

ARR stock traded down $0.39 during mid-day trading on Tuesday, reaching $18.15. 2,728,456 shares of the stock traded hands, compared to its average volume of 1,557,133. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The stock's fifty day moving average is $18.75 and its 200-day moving average is $19.17. The company has a market cap of $1.82 billion, a P/E ratio of -42.21 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed 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. This represents a $2.88 annualized dividend and a yield of 15.87%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT's payout ratio is -669.77%.

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the transaction, the director now directly owns 363 shares of the company's stock, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $45,175.00. Following the completion of the sale, the director now directly owns 6,793 shares of the company's stock, valued at approximately $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.35% of the company's stock.

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.