Verition Fund Management LLC Purchases 30,375 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Verition Fund Management LLC grew its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) by 97.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,405 shares of the real estate investment trust's stock after acquiring an additional 30,375 shares during the quarter. Verition Fund Management LLC owned 0.11% of ARMOUR Residential REIT worth $1,253,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Quest Partners LLC bought a new position in shares of ARMOUR Residential REIT during the 3rd quarter valued at $1,904,000. TrueMark Investments LLC bought a new position in shares of ARMOUR Residential REIT during the second quarter valued at about $1,692,000. Susquehanna Fundamental Investments LLC increased its holdings in shares of ARMOUR Residential REIT by 76.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust's stock worth $2,677,000 after buying an additional 59,791 shares during the period. Van ECK Associates Corp lifted its stake in shares of ARMOUR Residential REIT by 15.8% in 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 during the last quarter. Finally, LifePro Asset Management boosted its holdings in ARMOUR Residential REIT by 34.7% during the 3rd quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust's stock valued at $2,885,000 after acquiring an additional 36,439 shares during the period. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Trading Up 1.7 %

NYSE ARR traded up $0.32 during trading on Friday, hitting $19.31. The company had a trading volume of 1,758,265 shares, compared to its average volume of 1,615,587. The company's fifty day moving average is $19.27 and its 200-day moving average is $19.77. ARMOUR Residential REIT, Inc. has a one year low of $17.35 and a one year high of $21.93. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 8.18 and a beta of 1.49.

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

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 14.91%. The ex-dividend date of this dividend is Monday, December 16th. ARMOUR Residential REIT's dividend payout ratio (DPR) is 122.03%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com raised shares of ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a report on Friday, October 25th.

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Chairman Daniel C. Staton purchased 10,000 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average cost 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 of the company's stock, valued at $477,434.40. The trade was a 71.23 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Hain acquired 2,500 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $19.08 per share, with a total value of $47,700.00. Following the completion of the acquisition, the director now directly owns 9,023 shares of the company's stock, valued at $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. 0.35% of the stock is owned by company insiders.

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.