76,755 Shares in ARMOUR Residential REIT, Inc. (NYSE:ARR) Purchased by Kiker Wealth Management LLC

Kiker Wealth Management LLC bought a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,755 shares of the real estate investment trust’s stock, valued at approximately $1,448,000. ARMOUR Residential REIT makes up about 1.2% of Kiker Wealth Management LLC’s holdings, making the stock its 21st largest position.

Several other institutional investors have also added to or reduced their stakes in ARR. Private Trust Co. NA bought a new position in ARMOUR Residential REIT in the fourth quarter valued at about $28,000. McIlrath & Eck LLC purchased a new stake in shares of ARMOUR Residential REIT in the third quarter worth about $61,000. KBC Group NV boosted its position in shares of ARMOUR Residential REIT by 117.8% during the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 1,874 shares during the last quarter. FMR LLC grew its stake in shares of 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 in the last quarter. Finally, Winebrenner Capital Management LLC purchased a new position in ARMOUR Residential REIT in the fourth quarter worth about $189,000. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

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 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 directly owns 6,793 shares of the company’s stock, 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 that occurred on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the sale, 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 disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ARR has been the topic of a number of recent analyst reports. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research started coverage on shares of ARMOUR Residential REIT in a report 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 report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.50.

ARMOUR Residential REIT Trading Down 0.3 %

Shares of ARR stock opened at $18.62 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of -43.29 and a beta of 1.53. ARMOUR Residential REIT, Inc. has a twelve month low of $17.35 and a twelve month high of $21.93. The stock has a 50 day moving average of $18.74 and a 200 day moving average of $19.21.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.47%. The ex-dividend date of this dividend 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.