Creative Planning Grows Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Creative Planning lifted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 19.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,057 shares of the real estate investment trust’s stock after buying an additional 2,311 shares during the quarter. Creative Planning’s holdings in ARMOUR Residential REIT were worth $287,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in ARMOUR Residential REIT during the second quarter valued at $99,000. Squarepoint Ops LLC purchased a new stake in ARMOUR Residential REIT during the second quarter valued at $221,000. Parisi Gray Wealth Management raised its stake in ARMOUR Residential REIT by 6.0% during the second quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 900 shares in the last quarter. AQR Capital Management LLC purchased a new stake in ARMOUR Residential REIT during the second quarter valued at $383,000. Finally, BNP Paribas Financial Markets purchased a new stake in ARMOUR Residential REIT during the first quarter valued at $525,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARR. B. Riley increased their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, ARMOUR Residential REIT presently has an average rating of “Hold” and an average price target of $19.83.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain bought 2,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the acquisition, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Daniel C. Staton purchased 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the transaction, the chairman now owns 24,040 shares in the company, valued at $477,434.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Hain purchased 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, with a total value of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Trading Up 1.7 %

NYSE ARR opened at $19.31 on Friday. The company’s 50-day moving average price is $19.91 and its 200-day moving average price is $19.78. The stock has a market cap of $1.08 billion, a PE ratio of 8.18 and a beta of 1.51. ARMOUR Residential REIT, Inc. has a 12 month low of $16.06 and a 12 month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The firm had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. As a group, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 3.86 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.91%. The ex-dividend date is Friday, November 15th. ARMOUR Residential REIT’s payout ratio is presently 122.03%.

ARMOUR Residential REIT 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.