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

US Bancorp DE cut its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 15.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 SEC filing.

Several other large investors also recently made changes to their positions in the company. Kovack Advisors Inc. boosted its stake in ARMOUR Residential REIT by 4.8% during the 4th quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 1,003 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of ARMOUR Residential REIT in the 4th quarter worth approximately $28,000. Oregon Public Employees Retirement Fund raised its holdings in shares of ARMOUR Residential REIT by 13.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,118 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 1,600 shares during the period. Amalgamated Bank raised its holdings in shares of ARMOUR Residential REIT by 11.6% in the 4th quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust’s stock worth $304,000 after purchasing an additional 1,679 shares during the period. Finally, KBC Group NV lifted its position 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 acquiring an additional 1,874 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

Shares of ARR opened at $18.81 on Monday. ARMOUR Residential REIT, Inc. has a one year low of $17.35 and a one year high of $21.93. The company has a 50-day simple moving average of $18.76 and a two-hundred day simple moving average of $19.24. The firm has a market capitalization of $1.89 billion, a PE ratio of -43.75 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Shareholders 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 annualized dividend and a yield of 15.31%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -669.77%.

Insiders Place Their Bets

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 transaction of $45,175.00. Following the completion of the sale, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents 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 the SEC website. 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 sale, the director now directly owns 363 shares of the company’s stock, valued at $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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

About ARMOUR Residential REIT

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.