Fmr LLC Boosts Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Fmr LLC grew its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 36.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,486 shares of the real estate investment trust’s stock after purchasing an additional 2,003 shares during the quarter. Fmr LLC’s holdings in ARMOUR Residential REIT were worth $153,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of ARMOUR Residential REIT by 67.8% during the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 555 shares in the last quarter. US Bancorp DE increased its holdings in ARMOUR Residential REIT by 304.3% during the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 5,058 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of ARMOUR Residential REIT in the second quarter worth about $221,000. Creative Planning increased its stake in shares of ARMOUR Residential REIT by 19.7% in the third quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 2,311 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of ARMOUR Residential REIT in the third quarter valued at about $322,000. 54.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the acquisition, the chairman now owns 24,040 shares in the company, valued at $477,434.40. This represents a 71.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert C. Hain acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $19.08 per share, with a total value of $47,700.00. Following the transaction, the director now owns 9,023 shares in the company, valued at $172,158.84. This represents a 38.33 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

ARMOUR Residential REIT Stock Up 1.8 %

Shares of NYSE ARR opened at $18.85 on Monday. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The business’s 50 day moving average is $19.13 and its two-hundred day moving average is $19.78. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 7.99 and a beta of 1.49.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. Analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 15.28%. The ex-dividend date is Monday, December 16th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Analyst Ratings Changes

ARR has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

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.