ARMOUR Residential REIT (NYSE:ARR) Chairman Daniel Staton Sells 35,583 Shares of Stock

Key Points

• Chairman Daniel Staton sold 35,583 ARR shares at an average price of $15.86, totaling approximately $564,346, according to an SEC filing.
• ARMOUR Residential REIT reported quarterly EPS of $0.72, matching analyst estimates, while revenue of $113.29 million exceeded expectations. The company also declared a monthly dividend of $0.24 per share, representing an annualized yield of 18.2%.
• ARR shares recently traded near $15.85, below the consensus analyst price target of $18.50; analysts’ overall rating is Hold, and institutional investors own 54.17% of the stock.

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) Chairman Daniel Staton sold 35,583 shares of ARMOUR Residential REIT stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $15.86, for a total transaction of $564,346.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ARMOUR Residential REIT Trading Up 0.1%

ARMOUR Residential REIT stock traded up $0.02 during mid-day trading on Friday, hitting $15.85. The stock had a trading volume of 4,565,797 shares, compared to its average volume of 3,546,002. ARMOUR Residential REIT, Inc. has a one year low of $13.98 and a one year high of $19.31. The firm has a market capitalization of $2.24 billion, a P/E ratio of 4.26 and a beta of 1.36. The firm's 50 day moving average is $16.53 and its 200 day moving average is $16.94.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 EPS for the quarter, meeting analysts' consensus estimates of $0.72. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%.The business had revenue of $113.29 million for the quarter, compared to analysts' expectations of $111.98 million. As a group, equities research analysts forecast that ARMOUR Residential REIT, Inc. will post 2.93 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 18.2%. The ex-dividend date of this dividend is Tuesday, September 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is 77.42%.

Institutional Trading of ARMOUR Residential REIT

Several hedge funds and other institutional investors have recently bought and sold shares of ARR. IFP Advisors Inc boosted its stake in ARMOUR Residential REIT by 576.2% during the second quarter. IFP Advisors Inc now owns 1,420 shares of the real estate investment trust's stock worth $25,000 after buying an additional 1,210 shares during the period. Quarry LP raised its stake in shares of ARMOUR Residential REIT by 620.6% in the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,570 shares during the period. Allworth Financial LP raised its stake in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 685 shares during the period. Danske Bank A S bought a new stake in shares of ARMOUR Residential REIT in the 3rd quarter worth about $42,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of ARMOUR Residential REIT by 161.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 1,931 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings lowered shares of ARMOUR Residential REIT from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus price target of $18.50.

About ARMOUR Residential REIT

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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