Maryland State Retirement & Pension System Has $354,000 Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Maryland State Retirement & Pension System boosted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,778 shares of the real estate investment trust’s stock after buying an additional 2,310 shares during the period. Maryland State Retirement & Pension System’s holdings in ARMOUR Residential REIT were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA acquired a new position in shares of ARMOUR Residential REIT in the 4th quarter valued at about $28,000. McIlrath & Eck LLC acquired a new position in ARMOUR Residential REIT in the 3rd quarter valued at approximately $61,000. KBC Group NV lifted its position in ARMOUR Residential REIT by 117.8% in the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,874 shares in the last quarter. FMR LLC boosted its stake 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 valued at $153,000 after buying an additional 2,003 shares during the period. Finally, Winebrenner Capital Management LLC purchased a new position in shares of ARMOUR Residential REIT during the 4th quarter valued at $189,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 value of $45,175.00. Following the transaction, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction that occurred 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 sale, the director now owns 363 shares of the company’s stock, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ARR has been the subject of a number of research reports. BTIG Research assumed coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating for the company. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.50.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $18.15 on Wednesday. The business’s 50-day simple moving average is $18.76 and its 200-day simple moving average is $19.15. ARMOUR Residential REIT, Inc. has a 52 week low of $17.35 and a 52 week high of $21.93. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -42.21 and a beta of 1.53.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be given a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.87%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT’s dividend 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.