New Age Alpha Advisors LLC Acquires Shares of 11,169 ARMOUR Residential REIT, Inc. (NYSE:ARR)

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

Several other hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA purchased a new stake in ARMOUR Residential REIT during the 4th quarter worth approximately $28,000. McIlrath & Eck LLC purchased a new stake in shares of ARMOUR Residential REIT during the third quarter worth approximately $61,000. KBC Group NV raised its stake 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 valued at $65,000 after purchasing an additional 1,874 shares during the last quarter. FMR LLC lifted its holdings 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 valued at $153,000 after purchasing an additional 2,003 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in ARMOUR Residential REIT during the 4th quarter worth $170,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $16.75 on Thursday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -38.95 and a beta of 1.53. The firm has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $19.02. ARMOUR Residential REIT, Inc. has a 1-year low of $16.55 and a 1-year high of $21.93.

ARMOUR Residential REIT Dividend Announcement

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

Insider Activity

In related news, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.