ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) Chairman Daniel C. Staton purchased 10,000 shares of the stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the transaction, the chairman now owns 24,040 shares in the company, valued at approximately $477,434.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
ARMOUR Residential REIT Stock Performance
ARR opened at $19.76 on Friday. The stock has a market capitalization of $963.10 million, a P/E ratio of -27.44 and a beta of 1.50. ARMOUR Residential REIT, Inc. has a one year low of $13.31 and a one year high of $21.93. The business's 50-day simple moving average is $20.29 and its 200-day simple moving average is $19.69.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.09. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. The business had revenue of $129.93 million for the quarter, compared to analyst estimates of $28.47 million. On average, equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current fiscal year.
ARMOUR Residential REIT Announces Dividend
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The business also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $2.88 annualized dividend and a dividend yield of 14.58%. ARMOUR Residential REIT's payout ratio is currently -400.00%.
Analyst Ratings Changes
ARR has been the topic of a number of analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Wednesday, August 21st. Finally, B. Riley lifted their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $19.83.
Read Our Latest Research Report on ARR
Institutional Trading of ARMOUR Residential REIT
A number of institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth approximately $99,000. Squarepoint Ops LLC purchased a new stake in ARMOUR Residential REIT during the second quarter worth $221,000. Parisi Gray Wealth Management grew its holdings in ARMOUR Residential REIT by 6.0% in the second quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust's stock valued at $310,000 after purchasing an additional 900 shares during the last quarter. AQR Capital Management LLC acquired a new stake in ARMOUR Residential REIT in the second quarter valued at $383,000. Finally, Virtu Financial LLC purchased a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at $431,000. Hedge funds and other institutional investors own 54.17% of the company's stock.
About ARMOUR Residential REIT
(
Get Free Report)
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.
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