Simplify Asset Management Inc. Increases Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Simplify Asset Management Inc. boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 10.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,500 shares of the real estate investment trust’s stock after acquiring an additional 2,500 shares during the period. Simplify Asset Management Inc.’s holdings in ARMOUR Residential REIT were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ARR. Private Trust Co. NA acquired a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $28,000. McIlrath & Eck LLC purchased a new position in ARMOUR Residential REIT during the third quarter worth about $61,000. KBC Group NV boosted 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 worth $65,000 after buying an additional 1,874 shares during the last quarter. FMR LLC boosted 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 buying an additional 2,003 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in ARMOUR Residential REIT in the 4th quarter valued at about $170,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction 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. This represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ARMOUR Residential REIT Trading Down 0.3 %

Shares of ARMOUR Residential REIT stock opened at $18.56 on Friday. ARMOUR Residential REIT, Inc. has a twelve month low of $17.35 and a twelve month high of $21.93. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -43.15 and a beta of 1.53. The company has a fifty day moving average price of $18.75 and a 200 day moving average price of $19.19.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 15.52%. The ex-dividend date is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is -669.77%.

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.