Insider Buying: ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Purchases $198,600.00 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Daniel C. Staton bought 10,000 shares of ARMOUR Residential REIT stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the acquisition, the chairman now directly owns 24,040 shares of the company’s stock, valued at $477,434.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ARMOUR Residential REIT Trading Down 0.6 %

NYSE ARR opened at $19.76 on Monday. The firm has a market capitalization of $963.34 million, a P/E ratio of -27.44 and a beta of 1.50. The firm’s fifty day moving average price is $20.29 and its two-hundred day moving average price is $19.70. ARMOUR Residential REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The company had revenue of $129.93 million for the quarter, compared to analysts’ expectations of $28.47 million. On average, research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be given a $0.24 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.57%. ARMOUR Residential REIT’s payout ratio is -400.00%.

Wall Street Analyst Weigh In

ARR has been the topic of several analyst reports. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. B. Riley lifted their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARR. LifePro Asset Management acquired a new stake in ARMOUR Residential REIT during the 2nd quarter valued at $2,035,000. TrueMark Investments LLC acquired a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth about $1,692,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of ARMOUR Residential REIT during the 1st quarter worth about $1,549,000. Van ECK Associates Corp boosted its holdings in shares of 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 worth $6,768,000 after buying an additional 47,735 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in ARMOUR Residential REIT in the 1st quarter valued at about $525,000. 54.17% of the stock is 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.