ARMOUR Residential REIT (NYSE:ARR) Chairman Sells $564,346.38 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Chairman Daniel Staton sold 35,583 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR traded up $0.02 during trading hours on Friday, hitting $15.85. 4,565,797 shares of the company’s stock traded hands, compared to its average volume of 3,546,002. The firm has a market capitalization of $2.24 billion, a P/E ratio of 4.26 and a beta of 1.36. The business has a fifty day moving average price of $16.53 and a 200-day moving average price of $16.94. ARMOUR Residential REIT, Inc. has a 1 year low of $13.98 and a 1 year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%.The firm had revenue of $113.29 million during the quarter, compared to analyst estimates of $111.98 million. As a group, equities analysts predict that ARMOUR Residential REIT, Inc. will post 2.93 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

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

Institutional Trading of ARMOUR Residential REIT

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in ARMOUR Residential REIT by 50.3% during the 1st quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after acquiring an additional 40,860 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of ARMOUR Residential REIT by 26.1% in the 1st quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 2,980 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ARMOUR Residential REIT by 38.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock worth $13,800,000 after purchasing an additional 222,923 shares during the period. Intech Investment Management LLC lifted its position in shares of ARMOUR Residential REIT by 189.5% in the 1st quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 60,371 shares during the period. Finally, Strs Ohio bought a new position in shares of ARMOUR Residential REIT during the first quarter valued at approximately $181,000. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of 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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.50.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.