LifePro Asset Management Boosts Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

LifePro Asset Management lifted its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 34.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,426 shares of the real estate investment trust's stock after acquiring an additional 36,439 shares during the period. ARMOUR Residential REIT makes up 1.8% of LifePro Asset Management's holdings, making the stock its 15th biggest holding. LifePro Asset Management owned 0.29% of ARMOUR Residential REIT worth $2,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARR. Van ECK Associates Corp lifted 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 acquiring an additional 47,735 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of ARMOUR Residential REIT by 2.0% during the second 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 in the last quarter. Rhumbline Advisers boosted its holdings in ARMOUR Residential REIT by 4.2% during the second quarter. Rhumbline Advisers now owns 149,834 shares of the real estate investment trust's stock worth $2,904,000 after purchasing an additional 6,088 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in ARMOUR Residential REIT by 76.3% in the 2nd 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. Finally, Public Sector Pension Investment Board lifted its position in shares of ARMOUR Residential REIT by 5.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 107,251 shares of the real estate investment trust's stock worth $2,079,000 after buying an additional 5,581 shares in the last quarter. 54.17% of the stock is owned by institutional investors.

Insider Activity

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average cost of $19.86 per share, with a total value of $198,600.00. Following the acquisition, the chairman now owns 24,040 shares in the company, valued at approximately $477,434.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company's stock.

ARMOUR Residential REIT Stock Down 0.2 %

ARMOUR Residential REIT stock traded down $0.04 during trading on Friday, hitting $19.74. The stock had a trading volume of 1,209,895 shares, compared to its average volume of 1,114,713. The stock's 50 day moving average is $20.22 and its two-hundred day moving average is $19.70. ARMOUR Residential REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $21.93. The stock has a market cap of $962.48 million, a price-to-earnings ratio of -7.12 and a beta of 1.50.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.09. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. The company had revenue of $129.93 million during the quarter, compared to the consensus estimate of $28.47 million. As a group, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $2.88 annualized dividend and a dividend yield of 14.59%. ARMOUR Residential REIT's payout ratio is -103.97%.

Analysts Set New Price Targets

ARR has been the subject of several recent analyst reports. B. Riley upped their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, July 29th. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Wednesday, August 21st. Finally, JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, ARMOUR Residential REIT presently has an average rating of "Hold" and an average price target of $19.83.

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.