Insider Buying: ARMOUR Residential REIT (NYSE:ARR) CIO Acquires $10,084.75 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) CIO Sergey Losyev bought 725 shares of the firm’s stock in a transaction on Tuesday, September 29th. The shares were bought at an average cost of $13.91 per share, for a total transaction of $10,084.75. Following the purchase, the executive owned 9,677 shares of the company’s stock, valued at approximately $134,607.07. The trade was a 8.10% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

ARMOUR Residential REIT Stock Performance

Shares of ARR opened at $13.58 on Friday. ARMOUR Residential REIT, Inc. has a 52 week low of $13.43 and a 52 week high of $19.31. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 3.65 and a beta of 1.42. The stock has a fifty day moving average of $15.79 and a 200-day moving average of $16.58.

ARMOUR Residential REIT (NYSE:ARR) last issued its 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. The business had revenue of $113.29 million during the quarter, compared to analysts’ expectations of $111.98 million. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%. As a group, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 2.93 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $2.88 annualized dividend and a dividend yield of 21.2%. ARMOUR Residential REIT’s dividend payout ratio is currently 77.42%.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. boosted its stake in shares of ARMOUR Residential REIT by 2.9% in the 2nd quarter. Kovack Advisors Inc. now owns 29,016 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 814 shares during the last quarter. Allworth Financial LP raised its stake in ARMOUR Residential REIT by 16.8% during the second quarter. Allworth Financial LP now owns 7,593 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,091 shares during the last quarter. IFP Advisors Inc raised its stake in ARMOUR Residential REIT by 576.2% during the second quarter. IFP Advisors Inc now owns 1,420 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,210 shares during the last quarter. GAMMA Investing LLC boosted its position in ARMOUR Residential REIT by 61.0% during the second quarter. GAMMA Investing LLC now owns 3,454 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,309 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in ARMOUR Residential REIT by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 50,103 shares of the real estate investment trust’s stock worth $836,000 after acquiring an additional 1,612 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ARR. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.50.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government agencies and government-sponsored enterprises, including Ginnie Mae, Fannie Mae and Freddie Mac. Its portfolio may include fixed-rate and adjustable-rate mortgage securities, as well as other investments related to the U.S. residential mortgage market.

The company seeks to generate income from its investments and manages interest-rate and prepayment risks through portfolio composition, financing arrangements and hedging strategies.