Westbourne Investments Inc. Invests $383,000 in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Westbourne Investments Inc. acquired a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,300 shares of the real estate investment trust's stock, valued at approximately $383,000.

Several other large investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in shares of ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock worth $51,000 after buying an additional 702 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of ARMOUR Residential REIT by 15.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 777 shares in the last quarter. Kovack Advisors Inc. lifted its position in shares of ARMOUR Residential REIT by 4.8% during the 4th quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust's stock worth $412,000 after purchasing an additional 1,003 shares during the last quarter. Bank of Montreal Can grew its stake in shares of ARMOUR Residential REIT by 12.3% during the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust's stock worth $226,000 after purchasing an additional 1,316 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in ARMOUR Residential REIT by 14.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 1,481 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Down 0.8 %

ARR traded down $0.13 during trading on Tuesday, hitting $16.03. 1,050,003 shares of the stock were exchanged, compared to its average volume of 1,839,493. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $21.93. The stock has a fifty day moving average price of $16.72 and a two-hundred day moving average price of $18.14. The firm has a market capitalization of $1.31 billion, a P/E ratio of -37.29 and a beta of 1.23.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $75.29 million for the quarter, compared to analysts' expectations of $18.59 million. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. Analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.96%. The ex-dividend date of this dividend is Thursday, May 15th. ARMOUR Residential REIT's dividend payout ratio is currently -822.86%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. StockNews.com cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Finally, Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.50.

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.