Louisiana State Employees Retirement System Sells 900 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Louisiana State Employees Retirement System lessened its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,600 shares of the real estate investment trust’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in ARMOUR Residential REIT were worth $481,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in shares of 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 valued at $28,000 after purchasing an additional 555 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of ARMOUR Residential REIT by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 561 shares in the last quarter. Parisi Gray Wealth Management lifted its holdings in shares of 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 purchasing an additional 900 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of ARMOUR Residential REIT by 5.4% in the third quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock valued at $590,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of ARMOUR Residential REIT by 6.6% in the first 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. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Up 0.7 %

Shares of ARR opened at $18.75 on Wednesday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 7.94 and a beta of 1.51. The stock has a 50 day moving average of $19.99 and a 200 day moving average of $19.78. ARMOUR Residential REIT, Inc. has a 12 month low of $15.88 and a 12 month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results 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 return on equity of 16.76% and a net margin of 24.17%. The business had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. As a group, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.36%. The ex-dividend date is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio is currently 122.03%.

Insiders Place Their Bets

In other news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the transaction, the chairman now directly owns 24,040 shares of the company’s stock, valued at $477,434.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, B. Riley increased their price target on 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 investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.