ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Buys $47,700.00 in Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) Director Robert C. Hain purchased 2,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the acquisition, the director now owns 9,023 shares in the company, valued at approximately $172,158.84. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

ARMOUR Residential REIT Trading Up 1.7 %

Shares of NYSE:ARR traded up $0.32 on Friday, hitting $19.31. The company had a trading volume of 2,378,570 shares, compared to its average volume of 1,682,104. The company has a market cap of $1.08 billion, a PE ratio of 8.18 and a beta of 1.51. The business has a 50 day moving average of $19.91 and a 200 day moving average of $19.78. ARMOUR Residential REIT, Inc. has a 52-week low of $16.06 and a 52-week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.01. The company 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%. As a group, equities analysts predict that ARMOUR Residential REIT, Inc. will post 3.86 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.24 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.88 annualized dividend and a yield of 14.91%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently 122.03%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ARR shares. 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. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded shares of ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.83.

Institutional Investors Weigh In On ARMOUR Residential REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its stake in ARMOUR Residential REIT by 67.8% in the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust's stock worth $28,000 after buying an additional 555 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of ARMOUR Residential REIT in the second quarter worth approximately $99,000. US Bancorp DE grew its holdings in ARMOUR Residential REIT by 304.3% in the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust's stock valued at $137,000 after purchasing an additional 5,058 shares during the period. Squarepoint Ops LLC acquired a new position in ARMOUR Residential REIT during the second quarter worth approximately $221,000. Finally, Creative Planning boosted its holdings in shares of ARMOUR Residential REIT by 19.7% in the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust's stock valued at $287,000 after purchasing an additional 2,311 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

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.