Winebrenner Capital Management LLC Makes New Investment in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Winebrenner Capital Management LLC acquired a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $189,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp lifted its position in ARMOUR Residential REIT by 1.5% during the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock valued at $36,880,000 after purchasing an additional 27,575 shares during the period. Geode Capital Management LLC raised its stake in shares of ARMOUR Residential REIT by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock valued at $23,427,000 after buying an additional 9,519 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ARMOUR Residential REIT by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock valued at $9,231,000 after buying an additional 9,425 shares during the period. Van ECK Associates Corp boosted its stake in shares of ARMOUR Residential REIT by 36.7% in the fourth quarter. Van ECK Associates Corp now owns 449,871 shares of the real estate investment trust’s stock worth $8,485,000 after buying an additional 120,718 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in ARMOUR Residential REIT by 17.6% during the fourth quarter. Principal Financial Group Inc. now owns 270,413 shares of the real estate investment trust’s stock worth $5,100,000 after acquiring an additional 40,538 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

Insider Activity

In related news, Director Stewart J. Paperin sold 24,852 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the completion of the sale, the director now owns 6,793 shares of the company’s stock, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Trading Down 0.3 %

Shares of ARR opened at $18.89 on Friday. The firm has a market cap of $1.05 billion, a P/E ratio of -43.92 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The stock’s 50 day moving average is $18.77 and its two-hundred day moving average is $19.39.

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 15.25%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is -669.77%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARR shares. BTIG Research assumed coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating for the company. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Finally, JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.50.

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.