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

ARMOUR Residential REIT, Inc. (NYSE:ARR) CIO Sergey Losyev purchased 725 shares of ARMOUR Residential REIT stock in a transaction that occurred on Tuesday, September 29th. The stock was bought at an average cost of $13.91 per share, for a total transaction of $10,084.75. Following the purchase, the executive directly owned 9,677 shares in the company, valued at $134,607.07. This trade represents a 8.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock traded down $0.19 during trading hours on Wednesday, hitting $13.82. The company had a trading volume of 5,114,968 shares, compared to its average volume of 3,634,768. The firm has a market cap of $1.96 billion, a P/E ratio of 3.71 and a beta of 1.36. ARMOUR Residential REIT, Inc. has a 1 year low of $13.76 and a 1 year high of $19.31. The company has a 50-day moving average price of $15.95 and a two-hundred day moving average price of $16.65.

ARMOUR Residential REIT (NYSE:ARR) last issued 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. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. The business had revenue of $113.29 million for the quarter, compared to analyst estimates of $111.98 million. As a group, equities research analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.93 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 20.8%. The ex-dividend date is Thursday, October 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 77.42%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.50.

Institutional Trading of ARMOUR Residential REIT

Several hedge funds and other institutional investors have recently bought and sold shares of ARR. Independent Financial Group LLC bought a new position in ARMOUR Residential REIT in the first quarter worth about $1,458,000. First Trust Advisors LP grew its position in shares of ARMOUR Residential REIT by 234.6% in 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 buying an additional 465,733 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of ARMOUR Residential REIT during the 2nd quarter worth approximately $13,757,000. State Street Corp lifted its position in 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 acquiring an additional 619,020 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC purchased a new stake in ARMOUR Residential REIT during the first quarter valued at approximately $1,224,000. Institutional investors own 54.17% of the company’s stock.

About ARMOUR Residential REIT

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.