Stewart J. Paperin Sells 24,852 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the sale, the director now directly owns 363 shares of the company’s stock, valued at $6,817.14. This trade represents a 98.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

ARMOUR Residential REIT Trading Up 1.6 %

NYSE ARR traded up $0.30 during trading hours on Friday, hitting $19.27. The company’s stock had a trading volume of 1,873,853 shares, compared to its average volume of 1,786,871. The company has a market capitalization of $1.07 billion, a PE ratio of 8.17 and a beta of 1.49. ARMOUR Residential REIT, Inc. has a 52 week low of $17.35 and a 52 week high of $21.93. The company’s 50-day simple moving average is $18.93 and its two-hundred day simple moving average is $19.73.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, beating 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 company had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. Research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.88 annualized dividend and a dividend yield of 14.95%. ARMOUR Residential REIT’s payout ratio is 122.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Barclays PLC increased its stake in ARMOUR Residential REIT by 300.6% in the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 93,397 shares during the last quarter. State Street Corp lifted its holdings in ARMOUR Residential REIT by 1.5% during 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 acquiring an additional 27,575 shares during the period. Quest Partners LLC purchased a new position in ARMOUR Residential REIT in the third quarter worth $1,904,000. Susquehanna Fundamental Investments LLC grew its stake in ARMOUR Residential REIT by 76.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock valued at $2,677,000 after purchasing an additional 59,791 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of ARMOUR Residential REIT by 42.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust’s stock valued at $2,204,000 after purchasing an additional 32,351 shares during the last quarter. 54.17% of the stock is owned by institutional investors.

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.