Penserra Capital Management LLC Increases Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Penserra Capital Management LLC boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 22.9% in the 3rd quarter, Holdings Channel reports. The firm owned 51,525 shares of the real estate investment trust’s stock after purchasing an additional 9,610 shares during the period. Penserra Capital Management LLC’s holdings in ARMOUR Residential REIT were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC increased its stake in ARMOUR Residential REIT by 67.8% in the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 555 shares during the period. Summit Securities Group LLC purchased a new position in shares of ARMOUR Residential REIT during the second quarter worth about $99,000. US Bancorp DE increased its position in ARMOUR Residential REIT by 304.3% in the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 5,058 shares during the period. Squarepoint Ops LLC purchased a new stake in ARMOUR Residential REIT during the 2nd quarter valued at approximately $221,000. Finally, Creative Planning lifted its position in ARMOUR Residential REIT by 19.7% during the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 2,311 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ARR. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.83.

Insider Buying and Selling

In other news, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares in the company, valued at $172,158.84. This trade represents a 38.33 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the acquisition, the chairman now directly owns 24,040 shares of the company’s stock, valued at $477,434.40. The trade was a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

ARMOUR Residential REIT Trading Down 0.5 %

NYSE ARR opened at $18.71 on Wednesday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.93 and a beta of 1.51. The business’s 50 day moving average is $19.55 and its two-hundred day moving average is $19.79. ARMOUR Residential REIT, Inc. has a 12-month low of $16.79 and a 12-month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The firm had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. Equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 15.39%. The ex-dividend date is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 122.03%.

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.