Penserra Capital Management LLC Increases Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Penserra Capital Management LLC grew its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 22.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 51,525 shares of the real estate investment trust’s stock after acquiring an additional 9,610 shares during the period. Penserra Capital Management LLC owned about 0.09% of ARMOUR Residential REIT worth $1,051,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ARR. Signaturefd LLC raised its position 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 purchasing an additional 555 shares during the period. Summit Securities Group LLC acquired a new position in ARMOUR Residential REIT during the 2nd quarter worth about $99,000. US Bancorp DE boosted its holdings 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 valued at $137,000 after acquiring an additional 5,058 shares during the period. Squarepoint Ops LLC acquired a new position in ARMOUR Residential REIT in the 2nd quarter valued at about $221,000. Finally, Creative Planning grew its position in ARMOUR Residential REIT by 19.7% in 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 in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARR has been the subject of several recent research reports. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. 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, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.83.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $18.71 on Wednesday. The company’s 50 day moving average price is $19.55 and its 200 day moving average price is $19.79. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.93 and a beta of 1.51. ARMOUR Residential REIT, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted 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. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. The company had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.86 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 15.39%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 122.03%.

Insider Transactions at ARMOUR Residential REIT

In related news, Director Robert C. Hain acquired 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, November 7th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the transaction, the director now owns 9,023 shares of the company’s stock, valued at $172,158.84. This represents a 38.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction dated 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 acquisition, the chairman now owns 24,040 shares in the company, valued at approximately $477,434.40. This represents a 71.23 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.35% 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.