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

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain acquired 2,500 shares of ARMOUR Residential REIT stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $19.08 per share, with a total value of $47,700.00. Following the transaction, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded up $0.32 during trading hours on Friday, hitting $19.31. The company had a trading volume of 2,371,942 shares, compared to its average volume of 1,178,008. ARMOUR Residential REIT, Inc. has a one year low of $16.06 and a one year high of $21.93. The firm has a market cap of $1.08 billion, a PE ratio of 8.18 and a beta of 1.51. The firm has a 50-day moving average of $19.93 and a 200 day moving average 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 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. The business had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. As a group, research analysts expect that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, November 15th. This represents a $2.88 dividend on an annualized basis and a yield of 14.91%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several hedge funds have recently bought and sold shares of ARR. Signaturefd LLC grew its stake in 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 acquiring an additional 555 shares during the period. Summit Securities Group LLC purchased a new position in shares of ARMOUR Residential REIT in the 2nd quarter worth about $99,000. US Bancorp DE raised its position in ARMOUR Residential REIT by 304.3% in the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 5,058 shares during the period. Squarepoint Ops LLC bought a new stake in shares of ARMOUR Residential REIT in the 2nd quarter worth approximately $221,000. Finally, Creative Planning grew its holdings in ARMOUR Residential REIT by 19.7% during the third quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 2,311 shares during the period. 54.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. B. Riley boosted their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.83.

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.