Barclays PLC Buys 93,397 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Barclays PLC increased its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 300.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,470 shares of the real estate investment trust’s stock after acquiring an additional 93,397 shares during the quarter. Barclays PLC owned approximately 0.22% of ARMOUR Residential REIT worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its stake 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 acquiring an additional 555 shares during the last quarter. US Bancorp DE raised its position in ARMOUR Residential REIT by 304.3% during the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 5,058 shares during the last quarter. FMR LLC raised its position in ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 2,003 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in ARMOUR Residential REIT in the 2nd quarter worth approximately $221,000. Finally, Creative Planning grew its position in shares of 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 worth $287,000 after buying an additional 2,311 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Robert C. Hain purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the director now directly owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. This represents a 38.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Daniel C. Staton acquired 10,000 shares of ARMOUR Residential REIT stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $19.86 per share, with a total value of $198,600.00. Following the transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR opened at $18.85 on Thursday. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The firm has a market capitalization of $1.05 billion, a P/E ratio of 7.99 and a beta of 1.49. The stock has a 50 day moving average price of $19.09 and a 200-day moving average price of $19.76.

ARMOUR Residential REIT (NYSE:ARR) last announced 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. The business had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. On average, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.28%. The ex-dividend date is Monday, December 16th. ARMOUR Residential REIT’s payout ratio is currently 122.03%.

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.