Charles Schwab Investment Management Inc. Buys 47,256 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Charles Schwab Investment Management Inc. boosted its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 499,742 shares of the real estate investment trust’s stock after buying an additional 47,256 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.90% of ARMOUR Residential REIT worth $9,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARR. Private Trust Co. NA bought a new position in ARMOUR Residential REIT during the 4th quarter valued at approximately $28,000. McIlrath & Eck LLC bought a new position in ARMOUR Residential REIT during the 3rd quarter valued at approximately $61,000. KBC Group NV increased its position in ARMOUR Residential REIT by 117.8% during the 4th 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. FMR LLC increased its holdings in shares of ARMOUR Residential REIT by 36.5% in the 3rd 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 in the last quarter. Finally, Winebrenner Capital Management LLC bought a new stake in shares of ARMOUR Residential REIT in the 4th quarter worth $189,000. Institutional investors own 54.17% of the company’s stock.

Insider Activity at ARMOUR Residential REIT

In other news, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction dated 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 $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the transaction, the director now owns 363 shares in the company, valued at $6,817.14. The trade was a 98.56 % 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.

Analysts Set New Price Targets

ARR has been the subject of a number of research analyst reports. B. Riley raised ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Finally, BTIG Research initiated coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, ARMOUR Residential REIT currently has a consensus rating of “Hold” and an average target price of $20.50.

ARMOUR Residential REIT Price Performance

ARR stock opened at $18.56 on Friday. The company has a market cap of $1.86 billion, a P/E ratio of -43.15 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 stock’s fifty day moving average price is $18.75 and its 200-day moving average price is $19.19.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, March 17th. This represents a $2.88 annualized dividend and a yield of 15.52%. ARMOUR Residential REIT’s dividend payout ratio (DPR) 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.