LifePro Asset Management Acquires 36,439 Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR)

LifePro Asset Management increased its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 34.7% during the third quarter, Holdings Channel.com reports. The firm owned 141,426 shares of the real estate investment trust’s stock after purchasing an additional 36,439 shares during the quarter. ARMOUR Residential REIT accounts for approximately 1.8% of LifePro Asset Management’s holdings, making the stock its 15th largest position. LifePro Asset Management’s holdings in ARMOUR Residential REIT were worth $2,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. TrueMark Investments LLC purchased a new stake in shares of ARMOUR Residential REIT in the second quarter worth $1,692,000. Susquehanna Fundamental Investments LLC purchased a new stake in ARMOUR Residential REIT in the 1st quarter worth $1,549,000. Van ECK Associates Corp raised its holdings in ARMOUR Residential REIT by 15.8% during 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 acquiring an additional 47,735 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of ARMOUR Residential REIT in the first quarter valued at about $525,000. Finally, Virtu Financial LLC bought a new position in shares of ARMOUR Residential REIT in the fourth quarter worth about $431,000. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $19.77 on Friday. ARMOUR Residential REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $21.93. The business has a 50 day simple moving average of $20.24 and a two-hundred day simple moving average of $19.70.

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

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.57%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -103.97%.

Insider Activity

In related news, Chairman Daniel C. Staton acquired 10,000 shares of ARMOUR Residential REIT stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the purchase, the chairman now directly owns 24,040 shares of the company’s stock, valued at $477,434.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

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

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.