JPMorgan Chase & Co. Boosts Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

JPMorgan Chase & Co. boosted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 70.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,970 shares of the real estate investment trust’s stock after acquiring an additional 29,306 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of ARMOUR Residential REIT worth $1,448,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in ARMOUR Residential REIT by 67.8% during the 3rd 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 period. McIlrath & Eck LLC purchased a new stake in shares of ARMOUR Residential REIT in the 3rd quarter worth $61,000. US Bancorp DE lifted its holdings in shares of ARMOUR Residential REIT by 304.3% in the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 5,058 shares during the period. FMR LLC lifted its holdings in shares of 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 worth $153,000 after buying an additional 2,003 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of ARMOUR Residential REIT in the 2nd quarter worth $221,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARR. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday.

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Director Robert C. Hain acquired 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the purchase, the director now directly owns 9,023 shares in the company, valued at $172,158.84. This trade represents a 38.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the transaction, the director now owns 363 shares of the company’s stock, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

ARMOUR Residential REIT Trading Down 0.7 %

ARR opened at $18.52 on Friday. The stock has a fifty day moving average price of $18.83 and a 200-day moving average price of $19.66. ARMOUR Residential REIT, Inc. has a 12 month low of $17.35 and a 12 month high of $21.93. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 7.85 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. On average, equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.55%. The ex-dividend date of this dividend is Wednesday, January 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 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.