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

Winebrenner Capital Management LLC acquired a new position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $189,000.

Several other large investors also recently added to or reduced their stakes in ARR. Creative Planning boosted its holdings in shares of ARMOUR Residential REIT by 19.7% in the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 2,311 shares during the period. Signaturefd LLC lifted its position in ARMOUR Residential REIT by 67.8% in the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 555 shares during the last quarter. US Bancorp DE lifted its position in ARMOUR Residential REIT by 304.3% in the third 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 last quarter. Kovack Advisors Inc. boosted its stake in ARMOUR Residential REIT by 7.8% during the third quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 1,513 shares during the period. Finally, Simplify Asset Management Inc. increased its position in ARMOUR Residential REIT by 66.7% during the third quarter. Simplify Asset Management Inc. now owns 25,000 shares of the real estate investment trust’s stock valued at $510,000 after acquiring an additional 10,000 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR opened at $18.89 on Friday. The business’s 50-day moving average is $18.77 and its 200 day moving average is $19.39. ARMOUR Residential REIT, Inc. has a 1 year low of $17.35 and a 1 year high of $21.93. The firm has a market capitalization of $1.05 billion, a P/E ratio of -43.92 and a beta of 1.48.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be given a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 15.25%. The ex-dividend date of this dividend is Monday, March 17th. ARMOUR Residential REIT’s payout ratio is currently -669.77%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Stewart J. Paperin sold 24,852 shares of the business’s 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 sale, the director now directly owns 363 shares of the company’s stock, valued at $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total value of $45,175.00. Following the completion of the transaction, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

About ARMOUR Residential REIT

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.