Key Points
- Director Robert Hain sold 6,833 shares on January 6 at an average price of $18.06 for about $123,404, leaving him with 1,010 shares — an 87.12% reduction in his position.
- ARMOUR declared a monthly $0.24 dividend payable January 29 (ex-dividend January 15), implying a roughly 15.9% yield and an unusually high payout ratio of 7,200%.
- The REIT reported quarterly EPS of $0.72 (missed estimates by $0.03) with $210.9M revenue, trades at a PE of 451.88, and carries an average analyst rating of Hold with a $17.25 price target.
ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) Director Robert Hain sold 6,833 shares of the firm's stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the transaction, the director directly owned 1,010 shares of the company's stock, valued at $18,240.60. This represents a 87.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
ARMOUR Residential REIT Price Performance
NYSE:ARR opened at $18.08 on Friday. The firm's 50-day moving average price is $17.16 and its 200-day moving average price is $16.26. The company has a market capitalization of $2.02 billion, a PE ratio of 451.88 and a beta of 1.44. ARMOUR Residential REIT, Inc. has a 1-year low of $13.18 and a 1-year high of $19.25.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). The business had revenue of $210.90 million for the quarter, compared to analysts' expectations of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same period last year, the business earned $1.00 earnings per share. Equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.
ARMOUR Residential REIT Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 15.9%. ARMOUR Residential REIT's dividend payout ratio is presently 7,200.00%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ARR shares. Weiss Ratings reissued a "sell (d)" rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Compass Point initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, December 15th. They issued a "buy" rating and a $18.50 price target on the stock. Zacks Research downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "strong sell" rating in a research report on Thursday, December 18th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $16.00 target price on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.25.
Check Out Our Latest Research Report on ARMOUR Residential REIT
Institutional Trading of ARMOUR Residential REIT
A number of institutional investors have recently made changes to their positions in ARR. GAMMA Investing LLC grew its stake in shares of ARMOUR Residential REIT by 217.5% in the fourth quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,179 shares during the period. Quarry LP grew its position in ARMOUR Residential REIT by 620.6% in the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 1,570 shares during the period. Fifth Third Bancorp grew its position in ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,425 shares during the period. Allworth Financial LP raised its stake in ARMOUR Residential REIT by 139.1% during the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 1,556 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of ARMOUR Residential REIT during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 54.17% of the company's stock.
ARMOUR Residential REIT Company Profile
(
Get Free Report)
ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company's investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.
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