ARMOUR Residential REIT, Inc. (NYSE:ARR) Short Interest Update

ARMOUR Residential REIT, Inc. (NYSE:ARR) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 4,430,000 shares, a growth of 8.8% from the September 30th total of 4,070,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is currently 3.7 days. Approximately 9.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Finally, B. Riley upped their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and an average target price of $19.83.

Insider Activity at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton bought 10,000 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, October 3rd. The shares were bought at an average price of $19.86 per share, with a total value of $198,600.00. Following the purchase, the chairman now owns 24,040 shares of the company’s stock, valued at $477,434.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings 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 worth $6,768,000 after purchasing 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 second quarter. Bank of New York Mellon Corp now owns 338,652 shares of the real estate investment trust’s stock worth $6,563,000 after purchasing an additional 6,509 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of ARMOUR Residential REIT by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 149,834 shares of the real estate investment trust’s stock worth $2,904,000 after acquiring an additional 6,088 shares during the last quarter. LifePro Asset Management increased its position in shares of ARMOUR Residential REIT by 34.7% during 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 purchasing an additional 36,439 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings 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 worth $2,677,000 after acquiring an additional 59,791 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

NYSE ARR remained flat at $19.01 on Wednesday. The company’s stock had a trading volume of 2,063,065 shares, compared to its average volume of 1,147,688. The business has a 50 day moving average price of $20.14 and a 200-day moving average price of $19.74. The company has a market cap of $926.78 million, a PE ratio of -26.56 and a beta of 1.50. ARMOUR Residential REIT has a 12-month low of $13.71 and a 12-month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The company had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. On average, equities research analysts anticipate that ARMOUR Residential REIT will post 3.81 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.15%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -400.00%.

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.