Rhumbline Advisers Acquires 16,523 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Rhumbline Advisers lifted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 157,659 shares of the real estate investment trust's stock after purchasing an additional 16,523 shares during the period. Rhumbline Advisers owned about 0.28% of ARMOUR Residential REIT worth $2,973,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Kovack Advisors Inc. lifted its stake in shares of ARMOUR Residential REIT by 7.8% in the 3rd quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust's stock worth $426,000 after purchasing an additional 1,513 shares during the period. KBC Group NV lifted its stake in shares of ARMOUR Residential REIT by 117.8% in the 4th 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 lifted 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 purchasing an additional 2,003 shares during the period. Yousif Capital Management LLC lifted its stake in shares of ARMOUR Residential REIT by 12.1% in the 4th quarter. Yousif Capital Management LLC now owns 20,841 shares of the real estate investment trust's stock worth $393,000 after purchasing an additional 2,253 shares during the period. Finally, Creative Planning increased its holdings in ARMOUR Residential REIT by 19.7% in the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust's stock worth $287,000 after acquiring an additional 2,311 shares in the last quarter. Institutional investors own 54.17% of the company's stock.

Insider Activity

In related news, Director Robert C. Hain sold 2,500 shares of the business's stock in a transaction 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 sale, the director now owns 6,793 shares in the company, 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 this hyperlink. Also, 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 completion of the sale, the director now owns 363 shares in the company, valued at $6,817.14. This represents 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ARR. BTIG Research began coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating for the company. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Performance

Shares of ARMOUR Residential REIT stock traded down $0.38 on Monday, hitting $18.67. 3,275,908 shares of the company traded hands, compared to its average volume of 2,489,566. The stock has a market capitalization of $1.88 billion, a P/E ratio of -43.42 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 52 week low of $17.35 and a 52 week high of $21.93. The business has a 50-day simple moving average of $18.78 and a 200 day simple moving average of $19.34.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend yield of 15.43%. The ex-dividend date of this dividend is Monday, March 17th. 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.