Stifel bumps Nvidia stock target, sees attractive valuation
Stewart J. Paperin, a director at Armour Residential REIT, Inc. (NYSE:ARR), recently reported significant transactions involving the company's stock. On December 31, 2024, Paperin sold 24,852 shares of common stock at an average price of $18.7829 per share, totaling approximately $466,792. Following this transaction, Paperin holds 363 shares indirectly through the Stewart J. Paperin Family Trust. The $1.07 billion market cap REIT currently trades at an attractive 7.9x P/E ratio and offers a substantial 15.18% dividend yield. According to InvestingPro analysis, ARR appears slightly overvalued at current levels.
Additionally, on January 2, 2025, Paperin acquired 874 shares as part of his quarterly compensation for serving on Armour's Board of Directors. These shares were valued at $18.86 each, amounting to a total of $16,483. After this acquisition, Paperin's indirect ownership increased to 1,237 shares. The director has the option to receive his quarterly compensation in cash, stock, or a mix of both, and he opted for stock in this instance. Notable for investors, ARR has maintained dividend payments for 16 consecutive years and received a GOOD financial health score from InvestingPro, which offers detailed analysis and 7 additional key insights about the company's prospects.
In other recent news, ARMOUR Residential REIT (NYSE:ARR) reported a solid third quarter in its latest earnings call. The company announced a GAAP net income of $62.9 million, or $1.21 per share, and distributable earnings of $52 million, or $1 per share. Additionally, ARMOUR raised $129.4 million through the issuance of 6.4 million shares, leading to a book value increase from $20.30 to $20.76 per share over the quarter. The company has also maintained a steady monthly dividend of $0.24 per share, with total distributions reaching $2.3 billion since the company's inception. Management plans to leverage liquidity and financing capabilities to navigate anticipated market volatility. ARMOUR's team is also observing potential investment opportunities and expects a decrease in prepayment speeds due to rising mortgage rates. The company's duration exposure stands at 0.91 years, and it is comfortable with its leverage level of 8.6x.
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