ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Stewart J. Paperin Sells 24,852 Shares

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the transaction, the director now owns 363 shares in the company, valued at $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

ARMOUR Residential REIT Stock Performance

ARR opened at $19.27 on Friday. The company has a fifty day moving average price of $18.93 and a two-hundred day moving average price of $19.73. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.17 and a beta of 1.47. ARMOUR Residential REIT, Inc. has a 52 week low of $17.35 and a 52 week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.01. The company had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.88 dividend on an annualized basis and a yield of 14.95%. ARMOUR Residential REIT’s payout ratio is 122.03%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

Institutional Investors Weigh In On ARMOUR Residential REIT

Large investors have recently modified their holdings of the business. Signaturefd LLC grew its position in shares of ARMOUR Residential REIT by 67.8% in the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 555 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of ARMOUR Residential REIT by 5.4% in the third quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock valued at $590,000 after buying an additional 1,490 shares during the period. Kovack Advisors Inc. increased its position in shares of 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 acquiring an additional 1,513 shares in the last quarter. FMR LLC raised its holdings in shares of ARMOUR Residential REIT by 36.5% during the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 2,003 shares during the period. Finally, Creative Planning lifted its position in 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 valued at $287,000 after acquiring an additional 2,311 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors.

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.