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

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

Several other hedge funds also recently made changes to their positions in ARR. McIlrath & Eck LLC acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at about $61,000. Geode Capital Management LLC lifted its holdings in ARMOUR Residential REIT by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust's stock worth $23,427,000 after acquiring an additional 9,519 shares during the last quarter. Barclays PLC boosted its stake in ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after acquiring an additional 93,397 shares during the period. State Street Corp grew its holdings in shares of ARMOUR Residential REIT by 1.5% during the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock valued at $36,880,000 after purchasing an additional 27,575 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. raised its position in shares of ARMOUR Residential REIT by 49.4% during 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. Institutional investors and hedge funds own 54.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday. Finally, StockNews.com raised shares of ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a report on Friday, October 25th.

Insider Transactions at ARMOUR Residential REIT

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

ARMOUR Residential REIT Trading Up 0.2 %

ARR traded up $0.05 during trading hours on Friday, hitting $18.53. The company's stock had a trading volume of 1,353,705 shares, compared to its average volume of 2,288,580. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The company has a 50-day simple moving average of $18.82 and a 200 day simple moving average of $19.64. The firm has a market capitalization of $1.03 billion, a PE ratio of 7.85 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.01. The business 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%. Research analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.55%. ARMOUR Residential REIT's dividend payout ratio (DPR) is 122.03%.

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.