US Bancorp DE Sells 1,039 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

US Bancorp DE trimmed its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,681 shares of the real estate investment trust’s stock after selling 1,039 shares during the quarter. US Bancorp DE’s holdings in ARMOUR Residential REIT were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ARR. Private Trust Co. NA bought a new stake in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $28,000. McIlrath & Eck LLC acquired a new stake in shares of ARMOUR Residential REIT during the third quarter worth $61,000. KBC Group NV grew its stake in shares of 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 purchasing an additional 1,874 shares during the period. FMR LLC grew its stake in shares of 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 purchasing an additional 2,003 shares during the period. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $189,000. 54.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR opened at $18.81 on Monday. The company has a market capitalization of $1.89 billion, a P/E ratio of -43.75 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. The business’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $19.24.

ARMOUR Residential REIT Announces Dividend

The business 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 dividend on an annualized basis and a yield of 15.31%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s dividend payout ratio is currently -669.77%.

Insider Buying and Selling at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the stock in a transaction 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 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. Company 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.