LDR Capital Management LLC Buys Shares of 59,407 ARMOUR Residential REIT, Inc. $ARR

LDR Capital Management LLC bought a new stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) in the third quarter, Holdings Channel reports. The fund bought 59,407 shares of the real estate investment trust’s stock, valued at approximately $888,000. ARMOUR Residential REIT makes up approximately 1.3% of LDR Capital Management LLC’s portfolio, making the stock its 21st biggest position.

Other large investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its stake in shares of ARMOUR Residential REIT by 570.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 848,724 shares of the real estate investment trust’s stock worth $12,680,000 after acquiring an additional 722,160 shares during the period. ORG Wealth Partners LLC bought a new stake in ARMOUR Residential REIT during the third quarter worth approximately $4,706,000. Wealth Enhancement Advisory Services LLC bought a new stake in ARMOUR Residential REIT during the second quarter worth approximately $350,000. Rhumbline Advisers lifted its position in ARMOUR Residential REIT by 42.1% in the second quarter. Rhumbline Advisers now owns 268,293 shares of the real estate investment trust’s stock worth $4,510,000 after purchasing an additional 79,501 shares during the period. Finally, Inceptionr LLC boosted its stake in ARMOUR Residential REIT by 121.9% during the 2nd quarter. Inceptionr LLC now owns 30,288 shares of the real estate investment trust’s stock valued at $509,000 after purchasing an additional 16,638 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total transaction of $123,403.98. Following the completion of the sale, the director directly owned 1,010 shares in the company, valued at approximately $18,240.60. This trade represents a 87.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

ARMOUR Residential REIT Price Performance

Shares of ARR opened at $18.59 on Tuesday. The company has a 50-day moving average of $17.47 and a two-hundred day moving average of $16.36. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $19.31. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 469.10 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $210.90 million for the quarter, compared to analysts’ expectations of $63.25 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.During the same quarter in the previous year, the firm posted $1.00 earnings per share. Analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 15.5%. The ex-dividend date of this dividend is Thursday, January 15th. ARMOUR Residential REIT’s payout ratio is presently 7,200.00%.

Analysts Set New Price Targets

ARR has been the topic of a number of research reports. Compass Point started coverage on ARMOUR Residential REIT in a research note on Monday, December 15th. They issued a “buy” rating and a $18.50 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday. Jones Trading upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price objective for the company in a research report on Friday. Finally, UBS Group reiterated a “neutral” rating and issued a $16.00 target price on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.33.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.