3,960 Shares in ARMOUR Residential REIT, Inc. (NYSE:ARR) Acquired by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. acquired a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,960 shares of the real estate investment trust’s stock, valued at approximately $75,000.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in ARMOUR Residential REIT during the 4th quarter valued at $28,000. McIlrath & Eck LLC purchased a new stake in ARMOUR Residential REIT during the 3rd quarter worth approximately $61,000. KBC Group NV boosted its stake 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 buying an additional 1,874 shares during the last quarter. FMR LLC grew its position in shares of 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 buying an additional 2,003 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of ARMOUR Residential REIT in the fourth quarter worth $170,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Insider Activity

In other 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 transaction of $45,175.00. Following the completion of the transaction, the director now 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction dated 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 directly owns 363 shares in the company, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $17.07 on Monday. ARMOUR Residential REIT, Inc. has a one year low of $16.96 and a one year high of $21.93. The company has a 50-day simple moving average of $18.70 and a 200-day simple moving average of $19.09. The firm has a market capitalization of $1.36 billion, a PE ratio of -39.69 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 16.88%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -669.77%.

Wall Street Analysts Forecast Growth

ARR has been the subject of several recent analyst reports. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a “neutral” rating for the company. JMP Securities reiterated 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 note on Friday, February 14th. Finally, B. Riley upgraded 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. Based on data from MarketBeat.com, ARMOUR Residential REIT presently has a consensus rating of “Hold” and a consensus price target of $20.50.

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.