ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 270,413 shares of the real estate investment trust's stock after purchasing an additional 40,538 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of ARMOUR Residential REIT worth $5,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rhumbline Advisers raised its holdings in ARMOUR Residential REIT by 11.7% during the fourth quarter. Rhumbline Advisers now owns 157,659 shares of the real estate investment trust's stock worth $2,973,000 after purchasing an additional 16,523 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of ARMOUR Residential REIT by 27.8% in the 4th quarter. New York State Teachers Retirement System now owns 51,413 shares of the real estate investment trust's stock worth $970,000 after buying an additional 11,184 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of ARMOUR Residential REIT by 36.7% in the fourth quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust's stock valued at $8,485,000 after buying an additional 120,718 shares during the period. Louisiana State Employees Retirement System boosted its stake in ARMOUR Residential REIT by 14.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the real estate investment trust's stock valued at $509,000 after buying an additional 3,400 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in ARMOUR Residential REIT by 13.9% during the fourth quarter. State of Alaska Department of Revenue now owns 31,690 shares of the real estate investment trust's stock worth $597,000 after acquiring an additional 3,861 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 2,500 shares of the business's 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 363 shares of the company's stock, valued at approximately $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.

ARMOUR Residential REIT Trading Up 2.7 %

Shares of ARR traded up $0.50 during midday trading on Friday, hitting $19.15. The stock had a trading volume of 1,977,870 shares, compared to its average volume of 1,460,981. The business has a 50-day simple moving average of $18.77 and a two-hundred day simple moving average of $19.31. The firm has a market cap of $1.92 billion, a P/E ratio of -44.55 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93.

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 15.04%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT's payout ratio is -669.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARR. B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a report on Tuesday, January 7th. StockNews.com lowered shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a "neutral" rating on the stock. Finally, JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, ARMOUR Residential REIT 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.