Proficio Capital Partners LLC Buys Shares of 22,236 ARMOUR Residential REIT, Inc. (NYSE:ARR)

Proficio Capital Partners LLC bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,236 shares of the real estate investment trust's stock, valued at approximately $419,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in ARMOUR Residential REIT during the 4th quarter worth approximately $28,000. McIlrath & Eck LLC bought a new stake in shares of ARMOUR Residential REIT in the 3rd quarter valued at approximately $61,000. KBC Group NV raised its holdings in shares of ARMOUR Residential REIT by 117.8% during the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 1,874 shares during the period. FMR LLC raised its stake in ARMOUR Residential REIT by 36.5% during the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 2,003 shares during the period. Finally, Winebrenner Capital Management LLC bought a new stake in shares of ARMOUR Residential REIT in the 4th quarter worth approximately $189,000. Hedge funds and other institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Down 2.1 %

NYSE:ARR traded down $0.39 during trading hours on Tuesday, reaching $18.15. 2,728,456 shares of the company's stock were exchanged, compared to its average volume of 1,557,133. The business's 50-day simple moving average is $18.75 and its two-hundred day simple moving average is $19.17. 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, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93.

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ARMOUR Residential REIT Dividend Announcement

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

Insider Activity

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 shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the transaction, the director now owns 6,793 shares in the company, valued at approximately $122,749.51. This represents a 26.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $466,720.56. Following the sale, the director now directly owns 363 shares of the company's stock, valued at $6,817.14. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARR. B. Riley upgraded shares of ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. 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 report on Friday, February 14th. Finally, BTIG Research started coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.