Kovack Advisors Inc. Has $412,000 Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Kovack Advisors Inc. increased its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,861 shares of the real estate investment trust’s stock after buying an additional 1,003 shares during the period. Kovack Advisors Inc.’s holdings in ARMOUR Residential REIT were worth $412,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in ARMOUR Residential REIT during the 3rd quarter worth approximately $61,000. KBC Group NV boosted its position in 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 worth $65,000 after buying an additional 1,874 shares during the period. US Bancorp DE boosted its position in ARMOUR Residential REIT by 304.3% during the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 5,058 shares during the period. FMR LLC raised its holdings in ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Winebrenner Capital Management LLC bought a new position in ARMOUR Residential REIT during the 4th quarter worth approximately $189,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT 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 in the company, valued at $122,749.51. The trade was a 26.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction 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 of the company’s stock, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

ARMOUR Residential REIT Stock Up 0.3 %

NYSE:ARR opened at $19.04 on Friday. The company has a fifty day moving average of $18.78 and a 200-day moving average of $19.36. The firm has a market capitalization of $1.91 billion, a P/E ratio of -44.27 and a beta of 1.48. ARMOUR Residential REIT, Inc. has a twelve month low of $17.35 and a twelve month high of $21.93.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.88 annualized dividend and a dividend yield of 15.13%. ARMOUR Residential REIT’s dividend payout ratio is currently -669.77%.

Wall Street Analyst Weigh In

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

ARMOUR Residential REIT Company 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.