Stratos Wealth Advisors LLC Buys Shares of 18,492 ARMOUR Residential REIT, Inc. (NYSE:ARR)

Stratos Wealth Advisors LLC purchased a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,492 shares of the real estate investment trust’s stock, valued at approximately $377,000.

A number of other institutional investors have also recently made changes to their positions in ARR. Global Retirement Partners LLC lifted its holdings in ARMOUR Residential REIT by 5.4% in the 3rd quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock valued at $590,000 after purchasing an additional 1,490 shares in the last quarter. Creative Planning lifted its stake in shares of ARMOUR Residential REIT by 19.7% in the third quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 2,311 shares in the last quarter. LifePro Asset Management boosted its position in ARMOUR Residential REIT by 34.7% during the third quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock worth $2,885,000 after acquiring an additional 36,439 shares during the last quarter. SG Americas Securities LLC lifted its stake in ARMOUR Residential REIT by 95.3% in the 3rd quarter. SG Americas Securities LLC now owns 27,314 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 13,328 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in shares of ARMOUR Residential REIT by 76.3% during 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 purchasing an additional 59,791 shares during the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Performance

Shares of ARMOUR Residential REIT stock opened at $19.71 on Wednesday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $21.93. The firm has a market capitalization of $960.66 million, a price-to-earnings ratio of -27.37 and a beta of 1.50. The stock has a 50 day moving average of $20.21 and a 200 day moving average of $19.73.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.09. The business had revenue of $129.93 million during the quarter, compared to analysts’ expectations of $28.47 million. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. Analysts forecast that ARMOUR Residential REIT, Inc. will post 3.81 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Shareholders 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 yield of 14.62%. The ex-dividend date of this dividend is Tuesday, October 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -400.00%.

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Chairman Daniel C. Staton acquired 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, with a total value of $198,600.00. Following the transaction, the chairman now owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

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

About ARMOUR Residential REIT

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.