Insider Selling: ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Sells 2,500 Shares of Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the transaction, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR opened at $18.62 on Friday. ARMOUR Residential REIT, Inc. has a one year low of $17.35 and a one year high of $21.93. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 7.89 and a beta of 1.47. The firm has a 50 day simple moving average of $18.86 and a 200 day simple moving average of $19.67.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. As a group, analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 15.46%. The ex-dividend date of this dividend is Wednesday, January 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 122.03%.

Analyst Upgrades and Downgrades

ARR has been the topic of a number of recent analyst reports. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in ARMOUR Residential REIT by 75.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 52,478 shares of the real estate investment trust’s stock valued at $990,000 after acquiring an additional 22,500 shares during the period. JPMorgan Chase & Co. increased its holdings in ARMOUR Residential REIT by 70.3% in the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust’s stock valued at $1,448,000 after purchasing an additional 29,306 shares during the period. McIlrath & Eck LLC bought a new position in ARMOUR Residential REIT during the 3rd quarter worth $61,000. Geode Capital Management LLC lifted its holdings in ARMOUR Residential REIT by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock worth $23,427,000 after buying an additional 9,519 shares during the period. Finally, Barclays PLC grew its position in shares of 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. Institutional investors own 54.17% of the company’s stock.

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.