ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 87.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,656 shares of the real estate investment trust’s stock after selling 25,285 shares during the quarter. Global Retirement Partners LLC’s holdings in ARMOUR Residential REIT were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp raised its position 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 valued at $36,880,000 after acquiring an additional 27,575 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $23,427,000 after acquiring an additional 9,519 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ARMOUR Residential REIT by 2.1% during 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 acquiring an additional 9,425 shares in the last quarter. Van ECK Associates Corp raised its position 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 valued at $8,485,000 after acquiring an additional 120,718 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in ARMOUR Residential REIT by 17.6% during the fourth quarter. Principal Financial Group Inc. now owns 270,413 shares of the real estate investment trust’s stock valued at $5,100,000 after acquiring an additional 40,538 shares in the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $19.04 on Friday. The stock has a market capitalization of $1.91 billion, a PE ratio of -44.27 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The business has a 50 day simple moving average of $18.78 and a 200-day simple moving average of $19.36.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 15.13%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is -669.77%.

Insider Buying and Selling

In related news, Director Stewart J. Paperin sold 24,852 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the sale, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $18.07, for a total value of $45,175.00. Following the sale, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ARR. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. BTIG Research initiated coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a “neutral” rating for the company. 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 issued a hold rating to the stock. According to data from MarketBeat.com, ARMOUR Residential REIT has an average rating of “Hold” and an average target price of $20.50.

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.