State of Alaska Department of Revenue Has $567,000 Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

State of Alaska Department of Revenue trimmed its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,829 shares of the real estate investment trust’s stock after selling 795 shares during the period. State of Alaska Department of Revenue owned about 0.06% of ARMOUR Residential REIT worth $567,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its position in ARMOUR Residential REIT by 67.8% during the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 555 shares during the last quarter. Summit Securities Group LLC acquired a new position in ARMOUR Residential REIT during the second quarter worth $99,000. Squarepoint Ops LLC bought a new position in ARMOUR Residential REIT in the second quarter valued at $221,000. Creative Planning increased its stake in ARMOUR Residential REIT by 19.7% in the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 2,311 shares during the last quarter. Finally, Parisi Gray Wealth Management lifted its position in ARMOUR Residential REIT by 6.0% during the 2nd quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust’s stock worth $310,000 after buying an additional 900 shares in the last quarter. 54.17% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Daniel C. Staton purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average cost of $19.86 per share, with a total value of $198,600.00. Following the acquisition, the chairman now owns 24,040 shares in the company, valued at approximately $477,434.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is owned by company insiders.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR opened at $18.99 on Friday. ARMOUR Residential REIT, Inc. has a 52-week low of $16.06 and a 52-week high of $21.93. The company has a 50-day simple moving average of $19.93 and a 200 day simple moving average of $19.77. The company has a market capitalization of $1.06 billion, a P/E ratio of 8.04 and a beta of 1.51.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The business had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. As a group, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.17%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ARR shares. B. Riley raised their price objective on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 29th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. Finally, StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.83.

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.