Advisors Asset Management Inc. Acquires 380,225 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) (2024)

Advisors Asset Management Inc. raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR – Free Report) by 153.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 628,499 shares of the real estate investment trust’s stock after buying an additional 380,225 shares during the quarter. Advisors Asset Management Inc. owned about 1.28% of ARMOUR Residential REIT worth $2,671,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in ARMOUR Residential REIT by 12.6% in the 3rd quarter. CWM LLC now owns 6,803 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 760 shares during the period. Russell Investments Group Ltd. acquired a new stake in ARMOUR Residential REIT during the 1st quarter worth approximately $30,000. PNC Financial Services Group Inc. boosted its position in ARMOUR Residential REIT by 66.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,901 shares during the period. Ieq Capital LLC acquired a new stake in ARMOUR Residential REIT during the 3rd quarter worth approximately $43,000. Finally, FMR LLC boosted its position in ARMOUR Residential REIT by 57.7% during the 3rd quarter. FMR LLC now owns 11,414 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 4,175 shares during the period. 42.72% of the stock is owned by institutional investors.

Insider Activity at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton sold 61,682 shares of the business’s stock in a transaction on Friday, December 29th. The shares were 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 owns 10,500 shares in the company, valued at approximately $204,330. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

ARMOUR Residential REIT Trading Up 0.5 %

ARMOUR Residential REIT stock opened at $19.32 on Thursday. ARMOUR Residential REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $27.15. The firm’s fifty day moving average is $19.22 and its 200 day moving average is $19.47.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, March 14th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.91%. ARMOUR Residential REIT’s payout ratio is presently -218.18%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARR shares. UBS Group started coverage on shares of ARMOUR Residential REIT in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $18.50 price target on the stock. StockNews.com upgraded shares of ARMOUR Residential REIT to a “sell” rating in a research report on Monday, February 19th. Finally, B. Riley boosted their price target on shares of ARMOUR Residential REIT from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th.

Get Our Latest Stock Report on ARR

ARMOUR Residential REIT Profile

(Free Report)

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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