Proficio Capital Partners LLC Makes New $419,000 Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Proficio Capital Partners LLC purchased a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,236 shares of the real estate investment trust’s stock, valued at approximately $419,000.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in ARMOUR Residential REIT during the 3rd quarter worth approximately $61,000. KBC Group NV raised its holdings 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 worth $65,000 after purchasing an additional 1,874 shares during the last quarter. US Bancorp DE raised its holdings in ARMOUR Residential REIT by 304.3% during the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 5,058 shares during the last quarter. FMR LLC grew its position in shares of ARMOUR Residential REIT by 36.5% during the 3rd 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 during the period. Finally, Winebrenner Capital Management LLC acquired a new stake in shares of ARMOUR Residential REIT during the 4th quarter worth approximately $189,000. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Down 0.1 %

NYSE ARR opened at $18.99 on Tuesday. The company has a fifty day simple moving average of $18.78 and a 200 day simple moving average of $19.29. ARMOUR Residential REIT, Inc. has a 12-month low of $17.35 and a 12-month high of $21.93. 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 Dividend Announcement

The firm 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 $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 15.17%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is currently -669.77%.

Analysts Set New Price Targets

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

Insider Activity at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction on 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 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 transaction 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 ARMOUR Residential REIT stock in a transaction on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the sale, the director now directly owns 6,793 shares of the company’s stock, valued at approximately $122,749.51. The trade was 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 insiders.

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.