State Street Corp Increases Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

State Street Corp boosted its holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 1.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,807,864 shares of the real estate investment trust’s stock after buying an additional 27,575 shares during the period. State Street Corp’s holdings in ARMOUR Residential REIT were worth $36,880,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARR. Charles Schwab Investment Management Inc. boosted its position in ARMOUR Residential REIT by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock valued at $9,231,000 after buying an additional 9,425 shares during the last quarter. Van ECK Associates Corp lifted its holdings in ARMOUR Residential REIT by 15.8% in the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock worth $6,768,000 after purchasing an additional 47,735 shares during the period. Bank of New York Mellon Corp increased its position in shares of ARMOUR Residential REIT by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 338,652 shares of the real estate investment trust’s stock valued at $6,563,000 after purchasing an additional 6,509 shares during the period. Rhumbline Advisers raised its holdings in shares of ARMOUR Residential REIT by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 149,834 shares of the real estate investment trust’s stock worth $2,904,000 after purchasing an additional 6,088 shares in the last quarter. Finally, LifePro Asset Management lifted its stake in ARMOUR Residential REIT by 34.7% during the third quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock valued at $2,885,000 after purchasing an additional 36,439 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $18.85 on Friday. The firm’s 50 day simple moving average is $19.13 and its 200-day simple moving average is $19.77. ARMOUR Residential REIT, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The company has a market cap of $1.05 billion, a P/E ratio of 7.99 and a beta of 1.49.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share 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 during the quarter, compared to analyst estimates of $10.95 million. On average, analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, December 16th. This represents a $2.88 dividend on an annualized basis and a yield of 15.28%. ARMOUR Residential REIT’s dividend payout ratio is currently 122.03%.

Analyst Ratings Changes

Several research analysts have issued reports on ARR shares. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th.

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Chairman Daniel C. Staton purchased 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the completion of the acquisition, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. This trade represents a 71.23 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Hain acquired 2,500 shares of ARMOUR Residential REIT stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the acquisition, the director now owns 9,023 shares in the company, valued at approximately $172,158.84. This represents a 38.33 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT 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.