Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,653 shares of the real estate investment trust’s stock, valued at approximately $101,000. Cambridge Investment Research Advisors Inc. owned approximately 0.05% of ARMOUR Residential REIT at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ARR. BlackRock Inc. boosted its holdings in shares of ARMOUR Residential REIT by 23.1% in the 1st quarter. BlackRock Inc. now owns 29,053,005 shares of the real estate investment trust’s stock worth $152,528,000 after purchasing an additional 5,450,385 shares during the period. State Street Corp boosted its holdings in shares of ARMOUR Residential REIT by 29.1% in the 1st quarter. State Street Corp now owns 5,607,890 shares of the real estate investment trust’s stock worth $29,441,000 after purchasing an additional 1,265,241 shares during the period. Vanguard Group Inc. boosted its holdings in shares of ARMOUR Residential REIT by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 12,897,312 shares of the real estate investment trust’s stock worth $62,810,000 after purchasing an additional 1,188,289 shares during the period. Two Sigma Investments LP purchased a new position in shares of ARMOUR Residential REIT in the 1st quarter worth approximately $5,661,000. Finally, Norges Bank purchased a new position in shares of ARMOUR Residential REIT in the 4th quarter worth approximately $5,109,000. Hedge funds and other institutional investors own 42.72% of the company’s stock.
ARMOUR Residential REIT Price Performance
ARR opened at $19.86 on Friday. The business has a fifty day moving average of $18.96 and a 200 day moving average of $20.67. ARMOUR Residential REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $33.38. The stock has a market cap of $973.04 million, a P/E ratio of -15.05 and a beta of 1.45.
ARMOUR Residential REIT Cuts Dividend
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ARR shares. B. Riley lifted their target price on ARMOUR Residential REIT from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 16th. StockNews.com upgraded ARMOUR Residential REIT to a “sell” rating in a report on Thursday, December 7th. Finally, UBS Group began coverage on ARMOUR Residential REIT in a report on Wednesday, December 6th. They set a “neutral” rating and a $18.50 price objective for the company.
Insider Buying and Selling at ARMOUR Residential REIT
In other ARMOUR Residential REIT news, Chairman Daniel C. Staton sold 61,682 shares of ARMOUR Residential REIT stock in a transaction on Friday, December 29th. The stock was sold at an average price of $19.46, for a total transaction of $1,200,331.72. Following the completion of the sale, the chairman now directly owns 10,500 shares of the company’s stock, valued at approximately $204,330. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.
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