ARMOUR Residential REIT, Inc. (NYSE:ARR) Short Interest Down 29.7% in November

ARMOUR Residential REIT, Inc. (NYSE:ARR) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 4,940,000 shares, a drop of 29.7% from the November 15th total of 7,030,000 shares. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is presently 3.2 days. Currently, 8.9% of the company’s stock are sold short.

Insiders Place Their Bets

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

Hedge Funds Weigh In On ARMOUR Residential REIT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. McIlrath & Eck LLC bought a new stake in ARMOUR Residential REIT during the 3rd quarter valued at $61,000. Geode Capital Management LLC raised its stake in shares of ARMOUR Residential REIT by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock valued at $23,427,000 after purchasing an additional 9,519 shares in the last quarter. Barclays PLC raised its stake in shares of ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock valued at $2,539,000 after purchasing an additional 93,397 shares in the last quarter. State Street Corp lifted its holdings in ARMOUR Residential REIT by 1.5% in the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock worth $36,880,000 after purchasing an additional 27,575 shares during the period. Finally, Parallax Volatility Advisers L.P. grew its position in ARMOUR Residential REIT by 49.4% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 43,785 shares of the real estate investment trust’s stock valued at $893,000 after buying an additional 14,485 shares in the last quarter. 54.17% of the stock is owned by institutional investors.

ARMOUR Residential REIT Stock Down 0.4 %

NYSE ARR traded down $0.07 during trading hours on Friday, hitting $19.38. The company had a trading volume of 1,549,994 shares, compared to its average volume of 1,220,148. The firm has a market cap of $1.08 billion, a P/E ratio of 8.21 and a beta of 1.49. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The business has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $19.79.

ARMOUR Residential REIT (NYSE:ARR) last released 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. The business had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. Equities analysts forecast that ARMOUR Residential REIT will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.86%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ARR shares. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

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.