1 week Ago By ABMN Staff
Norges Bank acquired a new position in shares of ARMOUR Residential REIT, Inc. ( NYSE:ARR – Free Report ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 138,849 shares of the real estate investment trust’s stock, valued at approximately $2,619,000.
Norges Bank owned 0.25% of ARMOUR Residential REIT at the end of the most recent reporting period. A number of other hedge funds have also modified their holdings of the company.
FMR LLC boosted its holdings in ARMOUR Residential REIT by 36.5% during the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 2,003 shares during the last quarter.
BNP Paribas Financial Markets lifted its position in ARMOUR Residential REIT by 171.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,480 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 17,342 shares in the last quarter.
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 worth $2,204,000 after buying an additional 32,351 shares during the last quarter.
State Street Corp boosted its stake in shares of ARMOUR Residential REIT by 1.5% during the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock worth $36,880,000 after buying an additional 27,575 shares during the last quarter.
Finally, Barclays PLC grew its holdings in shares of ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock valued at $2,539,000 after acquiring an additional 93,397 shares in the last quarter.
54.17% of the stock is currently owned by institutional investors. Insider Activity In other news, Director Robert C.
Hain sold 2,500 shares of the stock in a transaction on 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 directly owns 6,793 shares in the company, valued at approximately $122,749.51.
This represents a 26.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
0.35% of the stock is currently owned by corporate insiders. ARMOUR Residential REIT Trading Down 0.
4 % ARMOUR Residential REIT Announces Dividend The business also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a $0.24 dividend.
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 20.
43%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -669.77%.
Wall Street Analyst Weigh In ARR has been the subject of several recent analyst reports. BTIG Research began coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating for the company.
B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.
com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock.
According to data from MarketBeat, ARMOUR Residential REIT currently has an average rating of “Hold” and an average target price of $20.50. Read Our Latest Analysis on ARR ARMOUR Residential REIT Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding ARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARMOUR Residential REIT, Inc.
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