Advisors Asset Management Inc. Sells 69,695 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

Advisors Asset Management Inc. reduced its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 47.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,849 shares of the real estate investment trust’s stock after selling 69,695 shares during the period. Advisors Asset Management Inc. owned about 0.14% of ARMOUR Residential REIT worth $1,568,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ARR. Quest Partners LLC purchased a new stake in shares of ARMOUR Residential REIT during the third quarter worth about $1,904,000. Simplify Asset Management Inc. grew its position in shares of ARMOUR Residential REIT by 66.7% in the 3rd quarter. Simplify Asset Management Inc. now owns 25,000 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 10,000 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 7.8% during the third quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 1,513 shares during the period. US Bancorp DE raised its holdings in shares of ARMOUR Residential REIT by 304.3% during the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 5,058 shares in the last quarter. Finally, Signaturefd LLC lifted its stake 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 acquiring an additional 555 shares during the period. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Trading Up 0.7 %

Shares of ARR stock opened at $18.83 on Tuesday. The company’s fifty day moving average price is $19.59 and its 200-day moving average price is $19.80. The stock has a market cap of $1.05 billion, a PE ratio of 7.97 and a beta of 1.51. ARMOUR Residential REIT, Inc. has a 12 month low of $16.79 and a 12 month high of $21.93.

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

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 15.30%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 122.03%.

Analyst Ratings Changes

A number of research analysts have issued reports on ARR shares. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. B. Riley increased their price target on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, ARMOUR Residential REIT has an average rating of “Hold” and an average price target of $19.83.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was purchased at an average price 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. This trade represents a 71.23 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Hain purchased 2,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the acquisition, the director now owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. This represents a 38.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

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.