State of Alaska Department of Revenue Has $567,000 Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

State of Alaska Department of Revenue trimmed its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,829 shares of the real estate investment trust’s stock after selling 795 shares during the period. State of Alaska Department of Revenue’s holdings in ARMOUR Residential REIT were worth $567,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of ARMOUR Residential REIT during the 1st quarter worth $525,000. Texas Permanent School Fund Corp raised its stake in ARMOUR Residential REIT by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock worth $843,000 after acquiring an additional 561 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of ARMOUR Residential REIT in the first quarter worth about $1,549,000. Price T Rowe Associates Inc. MD boosted its stake in shares of ARMOUR Residential REIT by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 1,707 shares in the last quarter. Finally, LifePro Asset Management bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter valued at approximately $2,035,000. 54.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ARR shares. B. Riley increased their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. Finally, StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, ARMOUR Residential REIT currently has an average rating of “Hold” and an average target price of $19.83.

ARMOUR Residential REIT Price Performance

NYSE:ARR opened at $18.99 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 8.04 and a beta of 1.51. The firm’s 50 day simple moving average is $19.93 and its 200 day simple moving average is $19.77. ARMOUR Residential REIT, Inc. has a one year low of $16.06 and a one year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The company had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. Equities research analysts expect that ARMOUR Residential REIT, Inc. will post 3.86 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 annualized dividend and a dividend yield of 15.17%. ARMOUR Residential REIT’s payout ratio is 122.03%.

Insiders Place Their Bets

In other news, Chairman Daniel C. Staton acquired 10,000 shares of ARMOUR Residential REIT stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, with a total value of $198,600.00. Following the completion of the purchase, the chairman now owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% 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.