Robert C. Hain Sells 2,500 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction dated 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 directly owns 6,793 shares of the company’s stock, valued at approximately $122,749.51. This represents a 26.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ARMOUR Residential REIT Trading Up 2.0 %

NYSE:ARR traded up $0.37 during mid-day trading on Thursday, reaching $18.45. The company’s stock had a trading volume of 2,394,808 shares, compared to its average volume of 2,474,577. The firm’s fifty day moving average price is $18.89 and its two-hundred day moving average price is $19.69. The stock has a market cap of $1.03 billion, a P/E ratio of 7.82 and a beta of 1.47. ARMOUR Residential REIT, Inc. has a 12-month low of $17.35 and a 12-month high of $21.93.

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, 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%. Analysts predict that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 15.61%. The ex-dividend date of this dividend is Wednesday, January 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its position in ARMOUR Residential REIT by 67.8% during the third 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 in the last quarter. McIlrath & Eck LLC bought a new position in shares of ARMOUR Residential REIT in the third quarter worth about $61,000. US Bancorp DE lifted its position in shares of ARMOUR Residential REIT by 304.3% during the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 5,058 shares in the last quarter. FMR LLC grew its stake in shares of ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 2,003 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in ARMOUR Residential REIT in the 2nd quarter worth approximately $221,000. Institutional investors own 54.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ARR. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

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.