ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 304.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,720 shares of the real estate investment trust’s stock after purchasing an additional 5,058 shares during the quarter. US Bancorp DE’s holdings in ARMOUR Residential REIT were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC raised its position in shares of ARMOUR Residential REIT by 76.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock valued at $2,677,000 after buying an additional 59,791 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of ARMOUR Residential REIT during the 1st quarter worth $525,000. Van ECK Associates Corp lifted its stake in shares of ARMOUR Residential REIT by 15.8% during the 2nd quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock worth $6,768,000 after purchasing an additional 47,735 shares during the period. LifePro Asset Management boosted its holdings in shares of ARMOUR Residential REIT by 34.7% during the third quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock worth $2,885,000 after purchasing an additional 36,439 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in shares of ARMOUR Residential REIT by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 561 shares during the period. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ARMOUR Residential REIT Stock Up 0.5 %

ARMOUR Residential REIT stock opened at $18.81 on Friday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 7.97 and a beta of 1.51. The firm has a fifty day moving average of $19.78 and a 200-day moving average of $19.79. ARMOUR Residential REIT, Inc. has a 52-week low of $16.63 and a 52-week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 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 company had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. On average, research analysts expect that ARMOUR Residential REIT, Inc. will post 3.86 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.31%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

Insider Buying and Selling at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain bought 2,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $19.08 per share, with a total value of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares in the company, valued at $172,158.84. The trade was a 38.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Daniel C. Staton purchased 10,000 shares of ARMOUR Residential REIT 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 directly owns 24,040 shares of the company’s stock, valued at $477,434.40. The trade was a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by corporate insiders.

About ARMOUR Residential REIT

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.