Key Points
- CIO Desmond Macauley bought 1,000 ARR shares at an average price of $11.83, increasing his holdings by 10.95% to 10,135 shares.
- ARMOUR reported quarterly EPS of $0.71, matching analyst expectations, while revenue of $121.7 million exceeded estimates of $119.84 million.
- The REIT announced a monthly dividend of $0.24 per share, equivalent to a 24.1% indicated yield; analysts’ consensus rating was Hold, with an average price target of $16.56.
ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) CIO Desmond Macauley purchased 1,000 shares of the business's stock in a transaction on Friday, November 13th. The stock was purchased at an average cost of $11.83 per share, with a total value of $11,830.00. Following the acquisition, the executive owned 10,135 shares in the company, valued at approximately $119,897.05. This represents a 10.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
ARMOUR Residential REIT Price Performance
Shares of ARR traded up $0.04 on Friday, hitting $11.94. The company's stock had a trading volume of 4,562,470 shares, compared to its average volume of 4,699,265. The company has a market capitalization of $1.77 billion, a PE ratio of -397.83 and a beta of 1.47. The company has a 50 day moving average price of $13.64 and a 200 day moving average price of $16.20. ARMOUR Residential REIT, Inc. has a fifty-two week low of $11.58 and a fifty-two week high of $19.31.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. ARMOUR Residential REIT had a negative net margin of 5.09% and a positive return on equity of 15.90%. The company had revenue of $121.70 million for the quarter, compared to analyst estimates of $119.84 million. On average, equities analysts forecast that ARMOUR Residential REIT, Inc. will post 2.88 EPS for the current year.
ARMOUR Residential REIT Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be issued a $0.24 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.88 annualized dividend and a dividend yield of 24.1%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -9,600.00%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Wall Street Zen raised ARMOUR Residential REIT from a "strong sell" rating to a "sell" rating in a research report on Saturday, November 7th. Weiss Ratings lowered shares of ARMOUR Residential REIT from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 23rd. B. Riley Financial dropped their price target on ARMOUR Residential REIT from $18.00 to $14.50 and set a "neutral" rating for the company in a research note on Friday, October 23rd. JonesTrading cut their target price on ARMOUR Residential REIT from $19.00 to $15.25 and set a "buy" rating for the company in a research note on Thursday, October 22nd. Finally, Zacks Research raised shares of ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $16.56.
Read Our Latest Analysis on ARR
Institutional Investors Weigh In On ARMOUR Residential REIT
Several hedge funds and other institutional investors have recently bought and sold shares of ARR. State Street Corp boosted its holdings in ARMOUR Residential REIT by 13.8% in the third quarter. State Street Corp now owns 5,400,029 shares of the real estate investment trust's stock worth $74,682,000 after acquiring an additional 654,951 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in ARMOUR Residential REIT by 104.5% during the third quarter. Public Sector Pension Investment Board now owns 871,679 shares of the real estate investment trust's stock worth $11,877,000 after buying an additional 445,519 shares in the last quarter. First Trust Advisors LP grew its holdings in ARMOUR Residential REIT by 102.0% during the third quarter. First Trust Advisors LP now owns 792,342 shares of the real estate investment trust's stock worth $10,958,000 after buying an additional 400,188 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in ARMOUR Residential REIT in the 2nd quarter valued at $13,757,000. Finally, Advisors Asset Management Inc. purchased a new stake in ARMOUR Residential REIT in the 3rd quarter valued at $11,510,000. 54.17% of the stock is owned by institutional investors.
ARMOUR Residential REIT Company Profile
(
Get Free Report)
ARMOUR Residential REIT, Inc. is a real estate investment trust focused on the U.S. residential mortgage market. The company primarily invests in agency mortgage-backed securities, which are backed by residential mortgage loans and guaranteed or issued by Fannie Mae, Freddie Mac or Ginnie Mae. Its portfolio may include mortgage securities with fixed, adjustable or hybrid interest rates. ARMOUR also uses financing arrangements and hedging instruments to manage interest-rate and other investment risks.
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