Daniel C. Staton Purchases 10,000 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average price of $19.86 per share, with a total value of $198,600.00. Following the completion of the purchase, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

ARMOUR Residential REIT Trading Down 0.6 %

Shares of NYSE ARR opened at $19.76 on Friday. The stock has a market cap of $963.34 million, a price-to-earnings ratio of -27.44 and a beta of 1.50. ARMOUR Residential REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $21.93. The company has a 50 day simple moving average of $20.29 and a two-hundred day simple moving average of $19.69.

ARMOUR Residential REIT (NYSE:ARR) last posted 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. The company had revenue of $129.93 million during the quarter, compared to the consensus estimate of $28.47 million. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. Analysts forecast that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 14.57%. The ex-dividend date is Tuesday, October 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -400.00%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. LifePro Asset Management acquired a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth approximately $2,035,000. TrueMark Investments LLC acquired a new stake in ARMOUR Residential REIT during the second quarter valued at $1,692,000. Susquehanna Fundamental Investments LLC purchased a new position in ARMOUR Residential REIT in the first quarter valued at $1,549,000. Van ECK Associates Corp raised its position in shares of ARMOUR Residential REIT by 15.8% in the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock worth $6,768,000 after acquiring an additional 47,735 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of ARMOUR Residential REIT during the 1st quarter worth about $525,000. 54.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARR has been the subject of a number of research analyst reports. B. Riley raised their price target on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.83.

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.