Yousif Capital Management LLC Raises Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Yousif Capital Management LLC increased its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 12.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,841 shares of the real estate investment trust’s stock after acquiring an additional 2,253 shares during the quarter. Yousif Capital Management LLC’s holdings in ARMOUR Residential REIT were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ARR. State Street Corp increased its stake in shares of ARMOUR Residential REIT by 1.5% in 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 boosted its holdings in ARMOUR Residential REIT by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock worth $23,427,000 after buying an additional 9,519 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of ARMOUR Residential REIT by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock valued at $9,231,000 after purchasing an additional 9,425 shares in the last quarter. Barclays PLC grew its holdings in ARMOUR Residential REIT by 300.6% during the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 93,397 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in ARMOUR Residential REIT by 42.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust’s stock worth $2,204,000 after acquiring an additional 32,351 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on ARR shares. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday. BTIG Research initiated coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Finally, B. Riley raised ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, ARMOUR Residential REIT currently has an average rating of “Hold” and a consensus price target of $20.50.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $19.19 on Tuesday. The company has a market capitalization of $1.07 billion, a P/E ratio of 8.13 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The company has a fifty day moving average of $18.81 and a 200-day moving average of $19.41.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.01%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is currently 122.03%.

Insider Activity

In related news, Director Robert C. Hain sold 2,500 shares of the company’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 sale, the director now directly owns 6,793 shares in the company, valued at $122,749.51. This represents a 26.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 363 shares of the company’s stock, valued at $6,817.14. The trade was 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 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.