ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock Holdings Increased by US Bancorp DE

US Bancorp DE grew its position in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 304.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,720 shares of the real estate investment trust’s stock after buying an additional 5,058 shares during the period. US Bancorp DE’s holdings in ARMOUR Residential REIT were worth $137,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ARR. Signaturefd LLC boosted its holdings in ARMOUR Residential REIT by 67.8% in the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 555 shares during the period. Summit Securities Group LLC bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter valued at about $99,000. Squarepoint Ops LLC acquired a new stake in ARMOUR Residential REIT during the second quarter worth about $221,000. Creative Planning lifted its holdings in ARMOUR Residential REIT by 19.7% in the third quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 2,311 shares during the last quarter. Finally, Parisi Gray Wealth Management boosted its stake in ARMOUR Residential REIT by 6.0% in the second quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Up 0.5 %

Shares of NYSE ARR opened at $18.81 on Friday. The firm’s 50-day simple moving average is $19.78 and its 200 day simple moving average is $19.79. The stock has a market cap of $1.05 billion, a P/E ratio of 7.97 and a beta of 1.51. ARMOUR Residential REIT, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. On average, sell-side analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 15.31%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 122.03%.

Insider Transactions at ARMOUR Residential REIT

In related news, Chairman Daniel C. Staton bought 10,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the transaction, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This represents a 71.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Hain purchased 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, November 7th. The shares were purchased at an average price of $19.08 per share, with a total value of $47,700.00. Following the completion of the acquisition, the director now owns 9,023 shares in the company, 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. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ARR shares. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, B. Riley lifted 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 report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.83.

ARMOUR Residential REIT Company 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.