Quest Partners LLC Takes Position in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Quest Partners LLC purchased a new position in ARMOUR Residential REIT, Inc. (NYSE:ARR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 93,343 shares of the real estate investment trust’s stock, valued at approximately $1,904,000. Quest Partners LLC owned about 0.17% of ARMOUR Residential REIT at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new stake in ARMOUR Residential REIT in the first quarter valued at $525,000. Susquehanna Fundamental Investments LLC grew its position in 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 purchasing an additional 59,791 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of ARMOUR Residential REIT by 15.8% in the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after purchasing an additional 47,735 shares during the period. LifePro Asset Management raised its holdings in shares of 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 valued at $2,885,000 after buying an additional 36,439 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of ARMOUR Residential REIT by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 1,707 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

Wall Street Analyst Weigh In

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

ARMOUR Residential REIT Stock Down 0.1 %

Shares of ARR stock opened at $18.80 on Tuesday. The stock has a 50-day simple moving average of $19.75 and a 200 day simple moving average of $19.81. The stock has a market capitalization of $1.05 billion, a P/E ratio of 7.96 and a beta of 1.51. ARMOUR Residential REIT, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. The company had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. On average, sell-side analysts anticipate 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 disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 15.32%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

Insider Buying and Selling

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

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.