ARMOUR Residential REIT (NYSE:ARR) Director Robert Hain Sells 6,833 Shares

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert Hain sold 6,833 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the sale, the director owned 1,010 shares in the company, valued at approximately $18,240.60. This trade represents a 87.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR traded down $0.06 during trading on Thursday, hitting $18.08. The company had a trading volume of 3,958,102 shares, compared to its average volume of 4,290,087. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 451.88 and a beta of 1.44. The company has a fifty day simple moving average of $17.11 and a two-hundred day simple moving average of $16.25. ARMOUR Residential REIT, Inc. has a one year low of $13.18 and a one year high of $19.25.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $210.90 million for the quarter, compared to the consensus estimate of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same period in the prior year, the firm posted $1.00 EPS. On average, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 15.9%. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Analyst Upgrades and Downgrades

ARR has been the subject of a number of recent analyst reports. Compass Point started coverage on shares of ARMOUR Residential REIT in a research note on Monday, December 15th. They set a “buy” rating and a $18.50 price target for the company. UBS Group reissued a “neutral” rating and issued a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Zacks Research cut ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARR. Vanguard Group Inc. raised its position in ARMOUR Residential REIT by 35.6% during the 3rd quarter. Vanguard Group Inc. now owns 11,995,105 shares of the real estate investment trust’s stock valued at $179,207,000 after purchasing an additional 3,147,068 shares in the last quarter. Marshall Wace LLP grew its position in shares of ARMOUR Residential REIT by 365.7% during the 3rd quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock worth $37,278,000 after buying an additional 1,959,447 shares in the last quarter. Millennium Management LLC grew its position in shares of ARMOUR Residential REIT by 17,311.3% during the 1st quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust’s stock worth $34,540,000 after buying an additional 2,008,287 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ARMOUR Residential REIT by 27.7% during the second quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust’s stock valued at $33,092,000 after buying an additional 426,536 shares during the period. Finally, Invesco Ltd. increased its stake in shares of ARMOUR Residential REIT by 22.3% during the third quarter. Invesco Ltd. now owns 1,855,148 shares of the real estate investment trust’s stock valued at $27,716,000 after buying an additional 338,134 shares during the period. Institutional investors own 54.17% of the company’s stock.

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.