ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain Purchases 2,500 Shares

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain acquired 2,500 shares of ARMOUR Residential REIT 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 purchase, the director now directly owns 9,023 shares of the company’s stock, valued at $172,158.84. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ARMOUR Residential REIT Trading Up 1.6 %

Shares of ARR opened at $19.30 on Friday. 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 12 month low of $16.06 and a 12 month high of $21.93. The stock has a fifty day moving average price of $19.91 and a 200-day moving average price of $19.77.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. As a group, research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.86 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 14.92%. The ex-dividend date is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARR. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. 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 note on Monday, July 29th. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in shares of ARMOUR Residential REIT by 67.8% in 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 during the period. Summit Securities Group LLC acquired a new position in ARMOUR Residential REIT in the 2nd quarter worth approximately $99,000. US Bancorp DE raised its position in 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 worth $137,000 after buying an additional 5,058 shares during the last quarter. Squarepoint Ops LLC purchased a new position in ARMOUR Residential REIT during the 2nd quarter worth approximately $221,000. Finally, Creative Planning lifted its stake in ARMOUR Residential REIT by 19.7% during 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 during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

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.