Insider Buying: ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Purchases 10,000 Shares of Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Daniel C. Staton acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the acquisition, the chairman now owns 24,040 shares in the company, valued at approximately $477,434.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $19.76 on Monday. The stock has a market capitalization of $963.34 million, a P/E ratio of -27.44 and a beta of 1.50. The stock’s fifty day moving average is $20.29 and its 200 day moving average is $19.70. ARMOUR Residential REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The firm had revenue of $129.93 million for the quarter, compared to analyst estimates of $28.47 million. Equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.81 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $2.88 annualized dividend and a yield of 14.57%. ARMOUR Residential REIT’s dividend payout ratio is currently -400.00%.

Analysts Set New Price Targets

ARR has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Finally, B. Riley raised their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.83.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARR. Virtu Financial LLC acquired a new position in shares of ARMOUR Residential REIT during the 4th quarter worth $431,000. BNP Paribas Financial Markets acquired a new position in ARMOUR Residential REIT during the first quarter worth about $525,000. Texas Permanent School Fund Corp lifted its holdings in shares of ARMOUR Residential REIT by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock worth $843,000 after acquiring an additional 561 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of ARMOUR Residential REIT in the 1st quarter valued at approximately $1,549,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of ARMOUR Residential REIT by 6.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 1,707 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

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.