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

ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Daniel Staton sold 35,583 shares of the firm’s stock in a transaction that occurred 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 can be accessed through the SEC website.

ARMOUR Residential REIT Stock Up 0.1%

NYSE:ARR opened at $15.85 on Friday. ARMOUR Residential REIT, Inc. has a twelve month low of $13.98 and a twelve month high of $19.31. The company has a fifty day moving average of $16.50 and a 200-day moving average of $16.93. The firm 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 earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. The business had revenue of $113.29 million for the quarter, compared to analyst estimates of $111.98 million. On average, analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.93 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ARR. California State Teachers Retirement System grew its stake 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 purchasing an additional 2,375,141 shares during the period. Marshall Wace LLP lifted its position in shares of ARMOUR Residential REIT by 365.7% during the 3rd quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock valued at $37,278,000 after buying an additional 1,959,447 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of ARMOUR Residential REIT during the 2nd quarter valued at $13,757,000. UBS Group AG grew its stake in shares of ARMOUR Residential REIT by 115.9% during the 3rd 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 grew its stake in shares of 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 worth $11,080,000 after acquiring an additional 465,733 shares during the period. 54.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ARR shares. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings lowered ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.50.

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.