Victory Capital Management Inc. Buys Shares of 10,392 ARMOUR Residential REIT, Inc. (NYSE:ARR)

Victory Capital Management Inc. bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the 4th quarter, HoldingsChannel reports. The firm bought 10,392 shares of the real estate investment trust’s stock, valued at approximately $196,000.

Several other large investors also recently added to or reduced their stakes in the stock. Kovack Advisors Inc. grew its holdings in ARMOUR Residential REIT by 4.8% in the 4th quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 1,003 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of ARMOUR Residential REIT in the 4th quarter valued at $28,000. Oregon Public Employees Retirement Fund lifted its stake in shares of ARMOUR Residential REIT by 13.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,118 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 1,600 shares during the last quarter. Amalgamated Bank lifted its stake in shares of ARMOUR Residential REIT by 11.6% in the 4th quarter. Amalgamated Bank now owns 16,116 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 1,679 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of 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. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Trading Down 0.3 %

ARR opened at $18.56 on Monday. The stock’s 50-day moving average price is $18.75 and its 200 day moving average price is $19.18. ARMOUR Residential REIT, Inc. has a 12-month low of $17.35 and a 12-month high of $21.93. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -43.15 and a beta of 1.53.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.52%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is -669.77%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the 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 sale, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction dated 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 sale, the director now directly owns 363 shares in the company, valued at $6,817.14. This represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

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.