Intech Investment Management LLC Purchases 16,068 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Intech Investment Management LLC grew its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 101.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,866 shares of the real estate investment trust’s stock after acquiring an additional 16,068 shares during the quarter. Intech Investment Management LLC owned about 0.06% of ARMOUR Residential REIT worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. bought a new stake in ARMOUR Residential REIT during the 4th quarter valued at $19,865,000. Van ECK Associates Corp grew its holdings in shares of ARMOUR Residential REIT by 36.7% during the fourth quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust’s stock valued at $8,485,000 after buying an additional 120,718 shares during the last quarter. Barclays PLC increased its position in shares of ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after acquiring an additional 93,397 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ARMOUR Residential REIT by 10.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust’s stock worth $9,425,000 after acquiring an additional 47,256 shares during the last quarter. Finally, Centiva Capital LP lifted its position in ARMOUR Residential REIT by 185.0% in the 3rd quarter. Centiva Capital LP now owns 66,533 shares of the real estate investment trust’s stock valued at $1,357,000 after acquiring an additional 43,184 shares in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. BTIG Research began coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They issued a “neutral” rating for the company. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Finally, B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Monday, January 13th. The stock was 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 in the company, valued at approximately $122,749.51. This trade represents a 26.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now owns 363 shares in the company, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $18.57 on Tuesday. The stock has a fifty day moving average of $18.75 and a 200-day moving average of $19.17. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -43.17 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared 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. This represents a $2.88 annualized dividend and a yield of 15.51%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is -669.77%.

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.