Insider Selling: ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Sells 2,500 Shares of Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the completion of the sale, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. The trade was a 26.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded up $0.37 during mid-day trading on Thursday, reaching $18.45. 2,394,808 shares of the company traded hands, compared to its average volume of 2,474,577. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.82 and a beta of 1.47. The firm’s 50 day moving average price is $18.89 and its 200 day moving average price is $19.69.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $10.95 million. On average, sell-side analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 15th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $2.88 annualized dividend and a yield of 15.61%. ARMOUR Residential REIT’s payout ratio is 122.03%.

Analysts Set New Price Targets

ARR has been the subject of several analyst reports. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after buying an additional 93,397 shares during the period. Quest Partners LLC purchased a new stake in ARMOUR Residential REIT in the third quarter worth about $1,904,000. Susquehanna Fundamental Investments LLC increased its stake in shares of ARMOUR Residential REIT by 76.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock valued at $2,677,000 after purchasing an additional 59,791 shares in the last quarter. Centiva Capital LP lifted its holdings in shares of ARMOUR Residential REIT by 185.0% during the third quarter. Centiva Capital LP now owns 66,533 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 43,184 shares during the last quarter. Finally, LifePro Asset Management boosted its position in shares of ARMOUR Residential REIT by 34.7% in the 3rd quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock worth $2,885,000 after purchasing an additional 36,439 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

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.