ARMOUR Residential REIT, Inc. (NYSE:ARR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 0.8% in the third quarter, HoldingsChannel reports. The firm owned 1,148,151 shares of the real estate investment trust’s stock after purchasing an additional 9,519 shares during the period. Geode Capital Management LLC’s holdings in ARMOUR Residential REIT were worth $23,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its position in shares of ARMOUR Residential REIT by 67.8% in the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 555 shares in the last quarter. US Bancorp DE lifted its position in 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 in the last quarter. FMR LLC boosted its stake in shares of ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 2,003 shares during the period. Squarepoint Ops LLC purchased a new position in shares of ARMOUR Residential REIT during the 2nd quarter valued at $221,000. Finally, Creative Planning increased its position in ARMOUR Residential REIT by 19.7% in the 3rd quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 2,311 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

Insider Buying and Selling at ARMOUR Residential REIT

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

ARMOUR Residential REIT Price Performance

NYSE ARR opened at $18.69 on Friday. The company’s fifty day moving average is $19.04 and its two-hundred day moving average is $19.75. ARMOUR Residential REIT, Inc. has a 52-week low of $17.35 and a 52-week high of $21.93. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.92 and a beta of 1.49.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The firm had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. As a group, sell-side analysts expect that ARMOUR Residential REIT, Inc. will post 3.91 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $2.88 dividend on an annualized basis and a yield of 15.41%. ARMOUR Residential REIT’s dividend payout ratio is currently 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.