Simplify Asset Management Inc. Raises Stock Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Simplify Asset Management Inc. grew its stake in shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) by 66.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the period. Simplify Asset Management Inc.’s holdings in ARMOUR Residential REIT were worth $510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kovack Advisors Inc. increased its stake in shares of ARMOUR Residential REIT by 7.8% in the 3rd quarter. Kovack Advisors Inc. now owns 20,858 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 1,513 shares in the last quarter. US Bancorp DE boosted its stake in shares of ARMOUR Residential REIT by 304.3% in the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 5,058 shares during the last quarter. Signaturefd LLC grew its stake in shares of ARMOUR Residential REIT by 67.8% during the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 555 shares during the period. Stratos Wealth Advisors LLC bought a new stake in ARMOUR Residential REIT during the third quarter valued at approximately $377,000. Finally, Global Retirement Partners LLC increased its holdings in ARMOUR Residential REIT by 5.4% during the third quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock valued at $590,000 after buying an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley boosted 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. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. Finally, StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.83.

Insider Activity at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $19.08 per share, with a total value of $47,700.00. Following the purchase, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. This trade represents a 38.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Daniel C. Staton acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the acquisition, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. This trade represents a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

ARMOUR Residential REIT Stock Performance

ARR traded down $0.23 on Friday, hitting $18.73. The company had a trading volume of 463,400 shares, compared to its average volume of 1,188,935. ARMOUR Residential REIT, Inc. has a 12-month low of $16.63 and a 12-month high of $21.93. The stock has a fifty day moving average price of $19.81 and a 200-day moving average price of $19.79. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.03 and a beta of 1.51.

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

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Investors 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 yield of 15.38%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

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.