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

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. This represents a 26.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ARMOUR Residential REIT Stock Performance

ARR opened at $18.62 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The firm’s fifty day moving average is $18.86 and its 200 day moving average is $19.68. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 7.89 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results 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 business had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 15.46%. The ex-dividend date of this dividend is Wednesday, January 15th. ARMOUR Residential REIT’s payout ratio is currently 122.03%.

Institutional Trading of ARMOUR Residential REIT

Hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its stake in ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after purchasing an additional 93,397 shares in the last quarter. State Street Corp increased its holdings in shares of ARMOUR Residential REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock worth $36,880,000 after buying an additional 27,575 shares during the last quarter. Quest Partners LLC bought a new stake in shares of ARMOUR Residential REIT in the 3rd quarter worth about $1,904,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of ARMOUR Residential REIT by 76.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock worth $2,677,000 after buying an additional 59,791 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ARMOUR Residential REIT by 42.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust’s stock worth $2,204,000 after buying an additional 32,351 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ARR shares. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note 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.