New Age Alpha Advisors LLC Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

New Age Alpha Advisors LLC bought a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,169 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth about $19,865,000. Vanguard Group Inc. increased its stake in ARMOUR Residential REIT by 17.4% during the 4th quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust’s stock valued at $114,031,000 after purchasing an additional 895,433 shares in the last quarter. Norges Bank purchased a new position in shares of ARMOUR Residential REIT in the fourth quarter worth $2,619,000. Van ECK Associates Corp lifted its stake 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 worth $8,485,000 after buying an additional 120,718 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $1,848,000. 54.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BTIG Research assumed coverage on ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a “neutral” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note 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. Based on data from MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and a consensus price target of $20.50.

Insider Activity at ARMOUR Residential REIT

In related 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 completion of the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. The trade was a 26.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Stock Down 1.6 %

Shares of ARR opened at $16.75 on Thursday. The stock’s 50-day moving average price is $18.60 and its 200-day moving average price is $19.02. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -38.95 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a 52 week low of $16.55 and a 52 week high of $21.93.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.19%. ARMOUR Residential REIT’s payout ratio is -669.77%.

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.