ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 140.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 73,352 shares of the real estate investment trust's stock after buying an additional 42,823 shares during the period. LPL Financial LLC owned 0.13% of ARMOUR Residential REIT worth $1,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ARR. State Street Corp raised its holdings in ARMOUR Residential REIT by 1.5% during the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock worth $36,880,000 after purchasing an additional 27,575 shares in the last quarter. Geode Capital Management LLC raised its holdings in ARMOUR Residential REIT by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust's stock worth $23,427,000 after purchasing an additional 9,519 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in ARMOUR Residential REIT during the fourth quarter worth about $19,865,000. Charles Schwab Investment Management Inc. raised its holdings in ARMOUR Residential REIT by 10.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust's stock worth $9,425,000 after purchasing an additional 47,256 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in ARMOUR Residential REIT by 36.7% during the fourth quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust's stock worth $8,485,000 after purchasing an additional 120,718 shares in the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ARR shares. BTIG Research started 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 report on Thursday, January 23rd. StockNews.com lowered 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 equities research 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.com, the stock has an average rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Price Performance

ARR traded up $0.19 during trading on Wednesday, reaching $14.89. 462,096 shares of the stock were exchanged, compared to its average volume of 2,870,762. The business's 50 day moving average price is $17.25 and its two-hundred day moving average price is $18.39. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -34.63 and a beta of 1.23. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 19.34%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT's dividend payout ratio is presently -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.