Insider Selling: ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Sells $466,720.56 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Stewart J. Paperin sold 24,852 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ARMOUR Residential REIT Stock Up 1.6 %

ARR stock opened at $19.27 on Monday. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 8.17 and a beta of 1.47. The business has a fifty day moving average of $18.93 and a two-hundred day moving average of $19.73.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data 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. The firm had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. As a group, sell-side analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Investors of record on Wednesday, January 15th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.95%. ARMOUR Residential REIT’s payout ratio is currently 122.03%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors have recently added to or reduced their stakes in ARR. 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 worth $28,000 after buying an additional 555 shares during the period. Global Retirement Partners LLC lifted its stake in ARMOUR Residential REIT by 5.4% during the 3rd quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 1,490 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in ARMOUR Residential REIT by 7.8% during the 3rd quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 1,513 shares during the period. FMR LLC grew its position in ARMOUR Residential REIT by 36.5% in the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 2,003 shares in the last quarter. Finally, Creative Planning increased its stake in ARMOUR Residential REIT by 19.7% during 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 during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

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.