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

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain sold 2,500 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the sale, the director now owns 6,793 shares of the company’s stock, valued at approximately $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 the SEC website.

ARMOUR Residential REIT Price Performance

Shares of ARR opened at $18.62 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 7.89 and a beta of 1.47. The company’s 50-day moving average is $18.86 and its 200-day moving average is $19.67. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (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 firm had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. Analysts predict that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

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

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its position in ARMOUR Residential REIT by 67.8% during the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 555 shares during the period. McIlrath & Eck LLC acquired a new position in shares of ARMOUR Residential REIT during the 3rd quarter worth approximately $61,000. US Bancorp DE increased its holdings in shares of ARMOUR Residential REIT by 304.3% during the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 5,058 shares during the period. FMR LLC boosted its stake in shares of ARMOUR Residential REIT by 36.5% in the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 2,003 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in ARMOUR Residential REIT during the second quarter worth approximately $221,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report 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.