Daniel Staton Sells 35,583 Shares of ARMOUR Residential REIT (NYSE:ARR) Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Daniel Staton sold 35,583 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $15.86, for a total transaction of $564,346.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ARMOUR Residential REIT Trading Up 0.1%

ARMOUR Residential REIT stock opened at $15.85 on Friday. ARMOUR Residential REIT, Inc. has a 1-year low of $13.98 and a 1-year high of $19.31. The firm’s fifty day simple moving average is $16.50 and its 200-day simple moving average is $16.93. The company has a market capitalization of $2.24 billion, a P/E ratio of 4.26 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The firm had revenue of $113.29 million during the quarter, compared to analysts’ expectations of $111.98 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 2.93 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 18.2%. The ex-dividend date is Tuesday, September 15th. ARMOUR Residential REIT’s dividend payout ratio is 77.42%.

Wall Street Analyst Weigh In

ARR has been the topic of a number of recent analyst reports. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings cut ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARR. California State Teachers Retirement System grew its holdings in ARMOUR Residential REIT by 1,605.3% in the 2nd quarter. California State Teachers Retirement System now owns 2,523,096 shares of the real estate investment trust’s stock valued at $44,028,000 after buying an additional 2,375,141 shares during the last quarter. Marshall Wace LLP boosted its position in shares of ARMOUR Residential REIT by 365.7% in the third quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock valued at $37,278,000 after acquiring an additional 1,959,447 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of ARMOUR Residential REIT in the second quarter worth $13,757,000. UBS Group AG increased its position in ARMOUR Residential REIT by 115.9% during the third quarter. UBS Group AG now owns 1,109,852 shares of the real estate investment trust’s stock worth $16,581,000 after acquiring an additional 595,773 shares during the period. Finally, First Trust Advisors LP raised its stake in ARMOUR Residential REIT by 234.6% during the 1st quarter. First Trust Advisors LP now owns 664,247 shares of the real estate investment trust’s stock valued at $11,080,000 after purchasing an additional 465,733 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS). Its portfolio is focused mainly on securities issued or guaranteed by government-sponsored enterprises and U.S. government agencies, including Fannie Mae, Freddie Mac and Ginnie Mae.

The company seeks to generate income from its investment portfolio and finances its activities through arrangements such as repurchase agreements. ARMOUR also uses interest-rate hedging strategies and other financial instruments to manage exposure to changing interest rates, financing costs and market conditions.

ARMOUR Residential REIT was organized in 2007 and is externally managed by ARMOUR Capital Management LP.