State Street Corp Acquires 27,575 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

State Street Corp grew its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,807,864 shares of the real estate investment trust’s stock after acquiring an additional 27,575 shares during the quarter. State Street Corp owned about 3.24% of ARMOUR Residential REIT worth $36,880,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ARR. Parallax Volatility Advisers L.P. raised its holdings in ARMOUR Residential REIT by 49.4% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 43,785 shares of the real estate investment trust’s stock worth $893,000 after purchasing an additional 14,485 shares during the period. Centiva Capital LP grew its position in shares of ARMOUR Residential REIT by 185.0% in the third quarter. Centiva Capital LP now owns 66,533 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 43,184 shares during the period. Verition Fund Management LLC increased its stake in shares of ARMOUR Residential REIT by 97.9% during the third quarter. Verition Fund Management LLC now owns 61,405 shares of the real estate investment trust’s stock worth $1,253,000 after purchasing an additional 30,375 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ARMOUR Residential REIT by 42.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust’s stock worth $2,204,000 after purchasing an additional 32,351 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of ARMOUR Residential REIT by 171.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,480 shares of the real estate investment trust’s stock worth $561,000 after purchasing an additional 17,342 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $18.85 on Friday. The stock 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, Inc. has a 1-year low of $17.35 and a 1-year high of $21.93. The firm has a 50 day simple moving average of $19.13 and a 200-day simple moving average of $19.77.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share 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 analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. Equities analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.88 annualized dividend and a yield of 15.28%. ARMOUR Residential REIT’s dividend payout ratio is currently 122.03%.

Insider Activity

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton acquired 10,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the transaction, the chairman now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. This represents a 38.33 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ARR. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th.

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.