ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Purchases $47,700.00 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain acquired 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of $19.08 per share, with a total value of $47,700.00. Following the completion of the purchase, the director now owns 9,023 shares of the company’s stock, valued at $172,158.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ARMOUR Residential REIT Stock Up 1.7 %

NYSE ARR opened at $19.31 on Monday. The firm has a market cap of $1.08 billion, a PE ratio of 8.18 and a beta of 1.51. ARMOUR Residential REIT, Inc. has a 52 week low of $16.06 and a 52 week high of $21.93. The company has a 50 day moving average price of $19.91 and a 200 day moving average price of $19.79.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. On average, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.91%. ARMOUR Residential REIT’s payout ratio is 122.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. B. Riley upped their price target on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.83.

Institutional Trading of ARMOUR Residential REIT

A number of institutional investors have recently bought and sold shares of ARR. Van ECK Associates Corp increased its stake in ARMOUR Residential REIT by 15.8% during the 2nd quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after purchasing an additional 47,735 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ARMOUR Residential REIT by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 338,652 shares of the real estate investment trust’s stock valued at $6,563,000 after buying an additional 6,509 shares during the last quarter. Rhumbline Advisers increased its position in shares of ARMOUR Residential REIT by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 149,834 shares of the real estate investment trust’s stock valued at $2,904,000 after acquiring an additional 6,088 shares during the period. LifePro Asset Management raised its stake in ARMOUR Residential REIT by 34.7% in the 3rd quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock worth $2,885,000 after acquiring an additional 36,439 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in ARMOUR Residential REIT by 76.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock worth $2,677,000 after acquiring an additional 59,791 shares during the period. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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.