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

Proficio Capital Partners LLC purchased a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,236 shares of the real estate investment trust's stock, valued at approximately $419,000.

A number of other hedge funds also recently made changes to their positions in the stock. Kovack Advisors Inc. raised its stake in ARMOUR Residential REIT by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust's stock worth $412,000 after buying an additional 1,003 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in ARMOUR Residential REIT by 13.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,118 shares of the real estate investment trust's stock worth $247,000 after acquiring an additional 1,600 shares during the period. Amalgamated Bank raised its position in shares of ARMOUR Residential REIT by 11.6% in the 4th quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust's stock worth $304,000 after acquiring an additional 1,679 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of ARMOUR Residential REIT by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 317,385 shares of the real estate investment trust's stock valued at $5,986,000 after purchasing an additional 22,563 shares during the period. Finally, Winebrenner Capital Management LLC bought a new stake in shares of ARMOUR Residential REIT during the 4th quarter valued at about $189,000. 54.17% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Stewart J. Paperin sold 24,852 shares of the business'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 sale, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of the 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 in the company, valued at $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a "neutral" rating for the company. StockNews.com cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Finally, B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. 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, ARMOUR Residential REIT has a consensus rating of "Hold" and a consensus price target of $20.50.

ARMOUR Residential REIT Stock Down 2.4 %

ARR traded down $0.47 during trading on Tuesday, hitting $18.53. 4,915,320 shares of the company's stock were exchanged, compared to its average volume of 1,498,349. The stock has a market cap of $1.86 billion, a P/E ratio of -43.08 and a beta of 1.53. The business's 50 day moving average is $18.79 and its two-hundred day moving average is $19.29. 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 business also recently disclosed 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. This represents a $2.88 annualized dividend and a yield of 15.55%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -669.77%.

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.