ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Stewart J. Paperin Sells 24,852 Shares

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the sale, the director now owns 363 shares of the company's stock, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock traded up $0.30 during trading on Friday, reaching $19.27. 1,876,530 shares of the company traded hands, compared to its average volume of 1,788,515. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.17 and a beta of 1.47. ARMOUR Residential REIT, Inc. has a 1-year low of $17.35 and a 1-year high of $21.93. The company has a 50 day moving average price of $18.93 and a 200-day moving average price of $19.73.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.01. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. The company had revenue of $127.06 million for the quarter, compared to analysts' expectations of $10.95 million. Equities research analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, January 15th. This represents a $2.88 dividend on an annualized basis and a yield of 14.95%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently 122.03%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a report on Friday, October 25th.

Hedge Funds Weigh In On ARMOUR Residential REIT

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in ARMOUR Residential REIT by 67.8% during the third 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. Global Retirement Partners LLC raised its holdings in shares of ARMOUR Residential REIT by 5.4% in the 3rd quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust's stock worth $590,000 after acquiring an additional 1,490 shares during the last quarter. Kovack Advisors Inc. lifted its position in ARMOUR Residential REIT by 7.8% in the 3rd quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust's stock valued at $426,000 after acquiring an additional 1,513 shares in the last quarter. FMR LLC boosted its stake in ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust's stock valued at $153,000 after purchasing an additional 2,003 shares during the last quarter. Finally, Creative Planning increased its holdings in ARMOUR Residential REIT by 19.7% during the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust's stock worth $287,000 after purchasing an additional 2,311 shares in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

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.