State Street Corp Grows Stake in ARMOUR Residential REIT, Inc. (NYSE:ARR)

State Street Corp raised its position in ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 1.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,807,864 shares of the real estate investment trust's stock after acquiring an additional 27,575 shares during the period. State Street Corp owned approximately 3.24% of ARMOUR Residential REIT worth $36,880,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of ARMOUR Residential REIT by 39.9% during the second quarter. Nisa Investment Advisors LLC now owns 49,140 shares of the real estate investment trust's stock worth $952,000 after acquiring an additional 14,013 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in ARMOUR Residential REIT by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 338,652 shares of the real estate investment trust's stock worth $6,563,000 after purchasing an additional 6,509 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of ARMOUR Residential REIT in the second quarter worth approximately $99,000. TrueMark Investments LLC bought a new position in shares of ARMOUR Residential REIT in the second quarter valued at approximately $1,692,000. Finally, Van ECK Associates Corp boosted its position in shares of ARMOUR Residential REIT by 15.8% during 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 during the last quarter. Institutional investors own 54.17% of the company's stock.

Insider Activity at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain bought 2,500 shares of ARMOUR Residential REIT stock in a transaction dated 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 completion of the purchase, the director now directly owns 9,023 shares of the company's stock, valued at approximately $172,158.84. This trade represents a 38.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Daniel C. Staton purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the purchase, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This represents a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ARR. StockNews.com raised ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a research report on Friday, October 25th. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th.

ARMOUR Residential REIT Trading Up 1.8 %

Shares of ARR traded up $0.33 on Friday, reaching $18.85. 7,324,692 shares of the company's stock traded hands, compared to its average volume of 1,259,713. The stock's 50 day simple moving average is $19.13 and its two-hundred day simple moving average is $19.78. The stock has a market cap of $1.05 billion, a PE ratio of 7.99 and a beta of 1.49. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. Analysts forecast that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.28%. ARMOUR Residential REIT's dividend payout ratio (DPR) 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.