ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 117.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,465 shares of the real estate investment trust’s stock after acquiring an additional 1,874 shares during the quarter. KBC Group NV’s holdings in ARMOUR Residential REIT were worth $65,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of ARMOUR Residential REIT by 300.6% in 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. JPMorgan Chase & Co. grew its stake in ARMOUR Residential REIT by 70.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 29,306 shares in the last quarter. State Street Corp raised its position in shares of ARMOUR Residential REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock valued at $36,880,000 after purchasing an additional 27,575 shares in the last quarter. Quest Partners LLC acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at approximately $1,904,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ARMOUR Residential REIT by 42.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust’s stock valued at $2,204,000 after buying an additional 32,351 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $18.91 on Tuesday. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The company has a fifty day moving average price of $18.82 and a two-hundred day moving average price of $19.46. The company has a market cap of $1.05 billion, a PE ratio of 8.01 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 14th will be issued a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 15.23%. The ex-dividend date is Friday, February 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. Finally, BTIG Research began coverage on ARMOUR Residential REIT in a report on Monday. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, ARMOUR Residential REIT has a consensus rating of “Hold” and an average price target of $20.50.

Insider Activity at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the sale, the director now directly owns 363 shares in the company, valued at $6,817.14. This 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 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.