Natixis Advisors LLC Invests $210,000 in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Natixis Advisors LLC bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,127 shares of the real estate investment trust’s stock, valued at approximately $210,000.

A number of other large investors also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in ARMOUR Residential REIT during the 4th quarter worth $28,000. McIlrath & Eck LLC acquired a new position in shares of ARMOUR Residential REIT in the third quarter valued at about $61,000. KBC Group NV grew its stake in shares of ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 1,874 shares in the last quarter. FMR LLC raised its stake in 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 ARMOUR Residential REIT in the 4th quarter valued at about $189,000. Institutional investors own 54.17% of the company’s stock.

Insider Activity at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the business’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 sale, the director now directly owns 6,793 shares of the company’s stock, valued at $122,749.51. The trade was a 26.90 % decrease in their position. The transaction 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 business’s stock in a transaction 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 sale, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. This 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.

ARMOUR Residential REIT Trading Down 2.9 %

ARR opened at $17.07 on Friday. The company’s 50 day moving average is $18.70 and its 200-day moving average is $19.11. The company has a market cap of $1.36 billion, a P/E ratio of -39.69 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 1-year low of $16.96 and a 1-year high of $21.93.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 16.88%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT’s payout ratio is -669.77%.

Wall Street Analysts Forecast Growth

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

ARMOUR Residential REIT Company 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.