ARMOUR Residential REIT (NYSE:ARR) Stock: Insider Desmond Macauley Acquires 1,000 Shares

ARMOUR Residential REIT, Inc. (NYSE:ARR) CIO Desmond Macauley purchased 1,000 shares of ARMOUR Residential REIT stock in a transaction on Friday, November 13th. The shares were purchased at an average cost of $11.83 per share, with a total value of $11,830.00. Following the transaction, the executive owned 10,135 shares in the company, valued at approximately $119,897.05. The trade was a 10.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ARMOUR Residential REIT Price Performance

Shares of ARR traded up $0.04 during mid-day trading on Friday, hitting $11.94. 4,562,294 shares of the company’s stock were exchanged, compared to its average volume of 3,809,622. ARMOUR Residential REIT, Inc. has a 52 week low of $11.58 and a 52 week high of $19.31. The company has a market cap of $1.77 billion, a PE ratio of -397.83 and a beta of 1.47. The company has a 50-day simple moving average of $13.72 and a 200 day simple moving average of $16.24.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. ARMOUR Residential REIT had a negative net margin of 5.09% and a positive return on equity of 15.90%. The business had revenue of $121.70 million for the quarter, compared to analyst estimates of $119.84 million. On average, analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.88 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 24.1%. The ex-dividend date is Monday, November 16th. ARMOUR Residential REIT’s payout ratio is presently -9,600.00%.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its position in ARMOUR Residential REIT by 102.0% during the third quarter. First Trust Advisors LP now owns 792,342 shares of the real estate investment trust’s stock worth $10,958,000 after acquiring an additional 400,188 shares during the last quarter. State Street Corp boosted its holdings in shares of ARMOUR Residential REIT by 13.8% during the third quarter. State Street Corp now owns 5,400,029 shares of the real estate investment trust’s stock worth $74,682,000 after acquiring an additional 654,951 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of ARMOUR Residential REIT during the third quarter worth approximately $11,510,000. Voya Investment Management LLC grew its position in shares of ARMOUR Residential REIT by 4.9% in the third quarter. Voya Investment Management LLC now owns 24,309 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of ARMOUR Residential REIT by 104.5% in the third quarter. Public Sector Pension Investment Board now owns 871,679 shares of the real estate investment trust’s stock valued at $11,877,000 after purchasing an additional 445,519 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 7th. Weiss Ratings cut ARMOUR Residential REIT from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd. JonesTrading lowered their target price on ARMOUR Residential REIT from $19.00 to $15.25 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. B. Riley Financial dropped their target price on ARMOUR Residential REIT from $18.00 to $14.50 and set a “neutral” rating on the stock in a report on Friday, October 23rd. Finally, Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.56.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc. is a real estate investment trust focused on the U.S. residential mortgage market. The company primarily invests in agency mortgage-backed securities, which are backed by residential mortgage loans and guaranteed or issued by Fannie Mae, Freddie Mac or Ginnie Mae. Its portfolio may include mortgage securities with fixed, adjustable or hybrid interest rates. ARMOUR also uses financing arrangements and hedging instruments to manage interest-rate and other investment risks.