ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 5.4% during the third quarter, HoldingsChannel.com reports. The firm owned 28,941 shares of the real estate investment trust’s stock after buying an additional 1,490 shares during the period. Global Retirement Partners LLC’s holdings in ARMOUR Residential REIT were worth $590,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp increased its position in shares of ARMOUR Residential REIT by 15.8% in the 2nd quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after acquiring 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% in 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 acquiring an additional 6,509 shares during the period. Rhumbline Advisers increased its position 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 valued at $2,904,000 after acquiring an additional 6,088 shares during the period. LifePro Asset Management increased its position in shares of ARMOUR Residential REIT by 34.7% in the 3rd quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock valued at $2,885,000 after acquiring an additional 36,439 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its position in shares of ARMOUR Residential REIT by 76.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock valued at $2,677,000 after acquiring an additional 59,791 shares during the period. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Performance

NYSE:ARR opened at $20.36 on Monday. The firm’s fifty day moving average is $20.22 and its two-hundred day moving average is $19.72. ARMOUR Residential REIT, Inc. has a one year low of $13.31 and a one year high of $21.93. The firm has a market cap of $992.59 million, a price-to-earnings ratio of -28.28 and a beta of 1.50.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.09. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The business had revenue of $129.93 million for the quarter, compared to analyst estimates of $28.47 million. As a group, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.81 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 Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 14.15%. The ex-dividend date is Tuesday, October 15th. ARMOUR Residential REIT’s payout ratio is currently -400.00%.

Insider Transactions at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average cost of $19.86 per share, with a total value of $198,600.00. Following the purchase, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. B. Riley upped their price target on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.83.

ARMOUR Residential REIT Company 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.