Advisors Asset Management Inc. Buys 117,497 Shares of ARMOUR Residential REIT, Inc. $ARR

Advisors Asset Management Inc. grew its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 34.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 455,234 shares of the real estate investment trust’s stock after buying an additional 117,497 shares during the quarter. Advisors Asset Management Inc. owned 0.41% of ARMOUR Residential REIT worth $6,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC lifted its stake in ARMOUR Residential REIT by 13.9% in the third quarter. ProShare Advisors LLC now owns 20,958 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 2,556 shares during the period. Penserra Capital Management LLC increased its position in ARMOUR Residential REIT by 3.5% during the 3rd quarter. Penserra Capital Management LLC now owns 66,428 shares of the real estate investment trust’s stock valued at $992,000 after purchasing an additional 2,236 shares during the period. SP Asset Management LLC bought a new stake in shares of ARMOUR Residential REIT in the 3rd quarter valued at about $149,000. State of Wyoming purchased a new stake in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $51,000. Finally, Principal Financial Group Inc. lifted its position in shares of ARMOUR Residential REIT by 34.1% in the 3rd quarter. Principal Financial Group Inc. now owns 543,434 shares of the real estate investment trust’s stock worth $8,119,000 after purchasing an additional 138,039 shares during the period. Institutional investors own 54.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jones Trading upgraded ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price target on the stock in a report on Friday, January 16th. Compass Point started coverage on ARMOUR Residential REIT in a research report on Monday, December 15th. They set a “buy” rating and a $18.50 price objective on the stock. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.33.

Insider Activity

In related news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total transaction of $123,403.98. Following the completion of the transaction, the director directly owned 1,010 shares in the company, valued at $18,240.60. The trade was a 87.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

ARMOUR Residential REIT Stock Performance

Shares of ARR stock opened at $18.12 on Friday. The stock’s 50-day simple moving average is $17.82 and its 200-day simple moving average is $16.52. The firm has a market capitalization of $2.03 billion, a PE ratio of 452.88 and a beta of 1.46. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.18 and a fifty-two week high of $19.31.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. ARMOUR Residential REIT’s dividend payout ratio is presently 7,200.00%.

ARMOUR Residential REIT Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.