Geode Capital Management LLC Boosts Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Geode Capital Management LLC grew its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,148,151 shares of the real estate investment trust’s stock after buying an additional 9,519 shares during the period. Geode Capital Management LLC owned 2.06% of ARMOUR Residential REIT worth $23,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARR. Barclays PLC lifted its position in ARMOUR Residential REIT by 300.6% during the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock valued at $2,539,000 after buying an additional 93,397 shares in the last quarter. Quest Partners LLC purchased a new position in ARMOUR Residential REIT in the third quarter valued at about $1,904,000. Susquehanna Fundamental Investments LLC lifted its stake in shares of ARMOUR Residential REIT by 76.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock worth $2,677,000 after purchasing an additional 59,791 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of ARMOUR Residential REIT by 15.8% in the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after buying an additional 47,735 shares in the last quarter. Finally, Centiva Capital LP grew its stake 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 buying an additional 43,184 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the transaction, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This trade represents a 71.23 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was purchased 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. The trade was a 38.33 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

ARMOUR Residential REIT Price Performance

NYSE ARR opened at $18.69 on Friday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.92 and a beta of 1.49. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The company’s fifty day moving average price is $19.04 and its two-hundred day moving average price is $19.75.

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

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.41%. The ex-dividend date of this dividend is Wednesday, January 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

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.