Charles Schwab Investment Management Inc. Purchases 47,256 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Charles Schwab Investment Management Inc. lifted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 10.4% during the 4th quarter, HoldingsChannel reports. The firm owned 499,742 shares of the real estate investment trust’s stock after acquiring an additional 47,256 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in ARMOUR Residential REIT were worth $9,425,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after purchasing an additional 93,397 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ARMOUR Residential REIT by 70.3% in the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust’s stock worth $1,448,000 after purchasing an additional 29,306 shares during the last quarter. State Street Corp increased its holdings in shares of ARMOUR Residential REIT by 1.5% in the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock worth $36,880,000 after purchasing an additional 27,575 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of ARMOUR Residential REIT in the fourth quarter worth about $419,000. Finally, Van ECK Associates Corp increased its holdings 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 purchasing an additional 120,718 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Stock Performance

ARR opened at $18.56 on Friday. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -43.15 and a beta of 1.53. The stock’s 50 day moving average price is $18.75 and its 200-day moving average price is $19.19. ARMOUR Residential REIT, Inc. has a one year low of $17.35 and a one year high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.52%. ARMOUR Residential REIT’s dividend payout ratio is -669.77%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Stewart J. Paperin sold 24,852 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction that occurred 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 $122,749.51. The trade was a 26.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

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.