ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 44.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,088 shares of the real estate investment trust’s stock after selling 12,900 shares during the quarter. Janus Henderson Group PLC’s holdings in ARMOUR Residential REIT were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in ARMOUR Residential REIT by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock worth $9,231,000 after acquiring an additional 9,425 shares during the last quarter. Van ECK Associates Corp boosted its stake in 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 valued at $6,768,000 after purchasing an additional 47,735 shares during the period. Bank of New York Mellon Corp boosted its stake in ARMOUR Residential REIT by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 338,652 shares of the real estate investment trust’s stock valued at $6,563,000 after purchasing an additional 6,509 shares during the period. Rhumbline Advisers increased its stake in shares of ARMOUR Residential REIT by 4.2% in the second quarter. Rhumbline Advisers now owns 149,834 shares of the real estate investment trust’s stock valued at $2,904,000 after purchasing an additional 6,088 shares during the period. Finally, LifePro Asset Management increased its stake in shares of ARMOUR Residential REIT by 34.7% in the third quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock valued at $2,885,000 after purchasing an additional 36,439 shares during the period. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

ARR opened at $19.38 on Monday. ARMOUR Residential REIT, Inc. has a 1-year low of $17.35 and a 1-year high of $21.93. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.21 and a beta of 1.49. The business has a 50 day moving average price of $19.22 and a two-hundred day moving average price of $19.80.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. Equities analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 14.86%. The ex-dividend date is Monday, December 16th. ARMOUR Residential REIT’s dividend payout ratio is 122.03%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was bought at an average price of $19.08 per share, with a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Daniel C. Staton purchased 10,000 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was bought at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the purchase, 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 currently owned by company insiders.

ARMOUR Residential REIT 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.