Global Retirement Partners LLC Acquires 1,490 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Global Retirement Partners LLC increased its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,941 shares of the real estate investment trust’s stock after buying an additional 1,490 shares during the quarter. Global Retirement Partners LLC owned 0.06% of ARMOUR Residential REIT worth $590,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of ARMOUR Residential REIT in the first quarter valued at approximately $525,000. Texas Permanent School Fund Corp lifted its holdings in ARMOUR Residential REIT by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 561 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of ARMOUR Residential REIT in the 1st quarter valued at about $1,549,000. Price T Rowe Associates Inc. MD lifted its stake in shares of ARMOUR Residential REIT by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 1,707 shares during the period. Finally, LifePro Asset Management acquired a new position in ARMOUR Residential REIT during the 2nd quarter worth approximately $2,035,000. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARR has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. B. Riley raised their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.83.

ARMOUR Residential REIT Trading Up 1.3 %

Shares of ARR opened at $20.36 on Monday. The company has a market capitalization of $992.59 million, a PE ratio of -28.28 and a beta of 1.50. ARMOUR Residential REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $21.93. The business’s 50 day moving average is $20.22 and its 200 day moving average is $19.72.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly 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 negative net margin of 19.85% and a positive return on equity of 16.64%. The company had revenue of $129.93 million for the quarter, compared to the consensus estimate of $28.47 million. Equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.81 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, October 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.15%. ARMOUR Residential REIT’s dividend payout ratio is presently -400.00%.

Insider Activity at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton acquired 10,000 shares of ARMOUR Residential REIT stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the purchase, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

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.