Sheaff Brock Investment Advisors LLC reduced its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 88.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,573 shares of the real estate investment trust’s stock after selling 63,490 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in ARMOUR Residential REIT were worth $220,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pinebridge Investments L.P. acquired a new position in ARMOUR Residential REIT during the third quarter valued at approximately $137,000. Teachers Retirement System of The State of Kentucky acquired a new position in ARMOUR Residential REIT during the third quarter valued at approximately $180,000. SG Americas Securities LLC acquired a new position in shares of ARMOUR Residential REIT during the third quarter worth $195,000. Stratos Wealth Partners LTD. acquired a new position in shares of ARMOUR Residential REIT during the third quarter worth $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ARMOUR Residential REIT during the third quarter worth $213,000. Institutional investors and hedge funds own 58.73% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, October 31st.
ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at $22.84 on Friday. The stock has a market cap of $956.47, a price-to-earnings ratio of 4.51 and a beta of 0.56. ARMOUR Residential REIT, Inc. has a 1-year low of $21.30 and a 1-year high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 65.90% and a return on equity of 12.51%. During the same quarter in the prior year, the firm earned $0.71 earnings per share. equities research analysts expect that ARMOUR Residential REIT, Inc. will post 2.75 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.28 annualized dividend and a dividend yield of 9.98%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 45.06%.
In related news, COO Mark Gruber purchased 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was bought at an average cost of $22.70 per share, for a total transaction of $45,400.00. Following the completion of the acquisition, the chief operating officer now owns 22,300 shares of the company’s stock, valued at $506,210. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO James R. Mountain purchased 4,000 shares of the stock in a transaction dated Friday, February 16th. The shares were bought at an average price of $22.99 per share, with a total value of $91,960.00. Following the completion of the acquisition, the chief financial officer now directly owns 23,579 shares of the company’s stock, valued at approximately $542,081.21. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.
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About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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