ARMOUR Residential REIT (NYSE:ARR) CIO Sergey Losyev Acquires 725 Shares of Stock

Key Points

• Insider buying: CIO Sergey Losyev purchased 725 ARMOUR Residential REIT shares for approximately $10,085, increasing his ownership by 8.1% to 9,677 shares.
• Stock and dividend: ARR shares traded near $13.82, close to their 52-week low of $13.76. The company announced a $0.24 monthly dividend, equating to an annualized yield of about 20.8%.
• Analyst outlook: Analysts maintain a consensus “Hold” rating with an $18.50 target price, while institutional investors own approximately 54.17% of the stock.

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) CIO Sergey Losyev purchased 725 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was bought at an average price of $13.91 per share, for a total transaction of $10,084.75. Following the purchase, the executive owned 9,677 shares in the company, valued at approximately $134,607.07. This represents a 8.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock traded down $0.19 during trading on Wednesday, reaching $13.82. 5,114,968 shares of the stock traded hands, compared to its average volume of 3,634,768. ARMOUR Residential REIT, Inc. has a 52-week low of $13.76 and a 52-week high of $19.31. The business has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $16.65. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 3.71 and a beta of 1.36.

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

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 20.8%. The ex-dividend date is Thursday, October 15th. ARMOUR Residential REIT's dividend payout ratio is currently 77.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ARR shares. Zacks Research raised shares of ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings cut shares of ARMOUR Residential REIT from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Two research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.50.

Hedge Funds Weigh In On ARMOUR Residential REIT

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of ARMOUR Residential REIT by 15.0% during the second quarter. State Street Corp now owns 4,745,078 shares of the real estate investment trust's stock valued at $82,802,000 after buying an additional 619,020 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth approximately $13,757,000. First Trust Advisors LP lifted its stake in shares of ARMOUR Residential REIT by 234.6% during the 1st quarter. First Trust Advisors LP now owns 664,247 shares of the real estate investment trust's stock worth $11,080,000 after acquiring an additional 465,733 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in ARMOUR Residential REIT by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 543,935 shares of the real estate investment trust's stock valued at $9,073,000 after acquiring an additional 10,592 shares during the period. Finally, Ascentis Wealth Management LLC grew its position in ARMOUR Residential REIT by 11.3% in the 2nd quarter. Ascentis Wealth Management LLC now owns 395,000 shares of the real estate investment trust's stock valued at $6,893,000 after acquiring an additional 40,000 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS). Its portfolio is focused mainly on securities issued or guaranteed by government-sponsored enterprises and U.S. government agencies, including Fannie Mae, Freddie Mac and Ginnie Mae.

The company seeks to generate income from its investment portfolio and finances its activities through arrangements such as repurchase agreements. ARMOUR also uses interest-rate hedging strategies and other financial instruments to manage exposure to changing interest rates, financing costs and market conditions.

ARMOUR Residential REIT was organized in 2007 and is externally managed by ARMOUR Capital Management LP.

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