Vanguard Group Inc. Grows Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Vanguard Group Inc. boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 17.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,046,157 shares of the real estate investment trust's stock after purchasing an additional 895,433 shares during the period. Vanguard Group Inc. owned about 10.84% of ARMOUR Residential REIT worth $114,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA bought a new position in ARMOUR Residential REIT in the 4th quarter valued at $28,000. McIlrath & Eck LLC purchased a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth about $61,000. KBC Group NV increased its holdings in 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 buying an additional 1,874 shares during the last quarter. FMR LLC raised its position in ARMOUR Residential REIT by 36.5% in 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, KLP Kapitalforvaltning AS purchased a new position in ARMOUR Residential REIT in the fourth quarter valued at about $170,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ARMOUR Residential REIT Trading Down 0.4 %

Shares of ARR traded down $0.06 during mid-day trading on Friday, reaching $14.10. 4,299,252 shares of the stock traded hands, compared to its average volume of 1,738,590. The firm has a fifty day moving average price of $17.90 and a 200 day moving average price of $18.66. ARMOUR Residential REIT, Inc. has a 1 year low of $13.18 and a 1 year high of $21.93. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -32.78 and a beta of 1.23.

ARMOUR Residential REIT Announces Dividend

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 $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 20.43%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is -669.77%.

Insider Activity at ARMOUR Residential REIT

In other news, Director Robert C. Hain sold 2,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This represents a 26.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by insiders.

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.