Proficio Capital Partners LLC Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Proficio Capital Partners LLC acquired a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,236 shares of the real estate investment trust’s stock, valued at approximately $419,000.

A number of other large investors have also recently bought and sold shares of the company. Kovack Advisors Inc. grew its stake in ARMOUR Residential REIT by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust’s stock worth $412,000 after buying an additional 1,003 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in ARMOUR Residential REIT by 13.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,118 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 1,600 shares in the last quarter. Amalgamated Bank grew its stake in ARMOUR Residential REIT by 11.6% during the fourth quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 1,679 shares in the last quarter. KBC Group NV grew its stake in ARMOUR Residential REIT by 117.8% during the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,874 shares in the last quarter. Finally, FMR LLC grew its stake in ARMOUR Residential REIT by 36.5% during the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 2,003 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Trading Down 0.1 %

ARR opened at $18.99 on Tuesday. The company’s 50 day moving average is $18.78 and its 200-day moving average is $19.29. The company has a market cap of $1.91 billion, a P/E ratio of -44.16 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 1-year low of $17.35 and a 1-year high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be issued a $0.24 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a yield of 15.17%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -669.77%.

Insider Activity at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the completion of the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the firm’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 transaction of $466,720.56. Following the completion of the transaction, the director now owns 363 shares of the company’s stock, valued at approximately $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 company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a “neutral” rating on the stock. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Finally, B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.50.

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.