Amalgamated Bank Grows Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Amalgamated Bank raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,116 shares of the real estate investment trust’s stock after purchasing an additional 1,679 shares during the quarter. Amalgamated Bank’s holdings in ARMOUR Residential REIT were worth $304,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ARR. McIlrath & Eck LLC purchased a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth about $61,000. KBC Group NV grew its stake in shares of ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,874 shares in the last quarter. US Bancorp DE grew its stake in shares of ARMOUR Residential REIT by 304.3% in the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 5,058 shares in the last quarter. FMR LLC grew its stake in shares of 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 valued at $153,000 after buying an additional 2,003 shares in the last quarter. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at about $189,000. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARR has been the subject of a number of recent research reports. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. BTIG Research initiated coverage on ARMOUR Residential REIT in a research note on Monday, February 10th. They set a “neutral” rating for the company. Finally, JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. 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, the company presently has an average rating of “Hold” and a consensus target price of $20.50.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Stewart J. Paperin sold 24,852 shares of the 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the 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 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 disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

ARMOUR Residential REIT Stock Down 0.5 %

Shares of NYSE ARR opened at $18.57 on Wednesday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The business has a 50 day moving average price of $18.78 and a two-hundred day moving average price of $19.33. The firm has a market cap of $1.87 billion, a PE ratio of -43.17 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 15.51%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s dividend payout ratio is presently -669.77%.

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.