Kovack Advisors Inc. Increases Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

Kovack Advisors Inc. boosted its stake in ARMOUR Residential REIT, Inc. (NYSE:ARR) by 7.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,858 shares of the real estate investment trust’s stock after buying an additional 1,513 shares during the quarter. Kovack Advisors Inc.’s holdings in ARMOUR Residential REIT were worth $426,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. US Bancorp DE grew its position in ARMOUR Residential REIT by 304.3% during the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 5,058 shares during the period. Signaturefd LLC lifted its position 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 buying an additional 555 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in ARMOUR Residential REIT in the 3rd quarter worth about $377,000. Global Retirement Partners LLC increased 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 worth $590,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Creative Planning raised its stake 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 valued at $287,000 after acquiring an additional 2,311 shares during the period. 54.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

ARMOUR Residential REIT Stock Down 0.3 %

NYSE ARR opened at $18.96 on Friday. The stock’s 50-day simple moving average is $19.81 and its two-hundred day simple moving average is $19.79. ARMOUR Residential REIT, Inc. has a twelve month low of $16.45 and a twelve month high of $21.93. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.03 and a beta of 1.51.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results 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. The business had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. On average, equities analysts expect that ARMOUR Residential REIT, Inc. will post 3.86 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 Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 15.19%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio is presently 122.03%.

Insiders Place Their Bets

In related news, Chairman Daniel C. Staton acquired 10,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the chairman now owns 24,040 shares in the company, valued at $477,434.40. This trade represents a 71.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Hain purchased 2,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, with a total value of $47,700.00. Following the transaction, the director now directly owns 9,023 shares in the company, valued at $172,158.84. This trade represents a 38.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

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.