Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 1,481 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 14.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,904 shares of the real estate investment trust’s stock after acquiring an additional 1,481 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ARMOUR Residential REIT were worth $225,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ARR. Jupiter Asset Management Ltd. acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at about $19,865,000. Van ECK Associates Corp raised its stake in ARMOUR Residential REIT by 36.7% during the 4th quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust’s stock worth $8,485,000 after buying an additional 120,718 shares during the period. Barclays PLC boosted its holdings in ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 93,397 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in ARMOUR Residential REIT by 10.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust’s stock valued at $9,425,000 after acquiring an additional 47,256 shares during the period. Finally, Centiva Capital LP grew its stake in ARMOUR Residential REIT by 185.0% in the third quarter. Centiva Capital LP now owns 66,533 shares of the real estate investment trust’s stock valued at $1,357,000 after acquiring an additional 43,184 shares during the period. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARR has been the topic of a number of recent research reports. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Finally, BTIG Research started coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.50.

ARMOUR Residential REIT Trading Down 0.2 %

NYSE ARR opened at $17.59 on Friday. The business has a fifty day simple moving average of $18.73 and a 200 day simple moving average of $19.13. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The firm has a market capitalization of $1.41 billion, a P/E ratio of -40.91 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared 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 dividend yield of 16.37%. The ex-dividend date of this dividend is Tuesday, April 15th. ARMOUR Residential REIT’s payout ratio is currently -669.77%.

Insider Buying and Selling

In related news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the sale, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This trade represents 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 this link. Also, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the transaction, the director now owns 363 shares of the company’s stock, valued at $6,817.14. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.