ARMOUR Residential REIT, Inc. (ARR) CFO James R. Mountain Buys 4,000 Shares of Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) CFO James R. Mountain bought 4,000 shares of ARMOUR Residential REIT stock in a transaction dated Friday, February 16th. The stock was purchased at an average price of $22.99 per share, for a total transaction of $91,960.00. Following the purchase, the chief financial officer now directly owns 23,579 shares in the company, valued at approximately $542,081.21. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) traded up $0.18 during midday trading on Friday, reaching $23.24. 603,697 shares of the company traded hands, compared to its average volume of 542,242. The firm has a market cap of $965.69, a P/E ratio of 4.59 and a beta of 0.56. ARMOUR Residential REIT, Inc. has a 1-year low of $21.30 and a 1-year high of $27.60.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 65.90% and a return on equity of 12.51%. During the same quarter in the prior year, the business posted $0.71 EPS. analysts predict that ARMOUR Residential REIT, Inc. will post 2.69 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, February 14th. This represents a $2.28 annualized dividend and a yield of 9.81%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 45.06%.

Separately, Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of ARR. Teachers Advisors LLC lifted its position in ARMOUR Residential REIT by 5.5% during the 2nd quarter. Teachers Advisors LLC now owns 67,119 shares of the real estate investment trust’s stock worth $1,678,000 after buying an additional 3,523 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in ARMOUR Residential REIT during the 2nd quarter worth about $1,861,000. BlackRock Inc. lifted its position in ARMOUR Residential REIT by 5.8% during the 2nd quarter. BlackRock Inc. now owns 3,626,651 shares of the real estate investment trust’s stock worth $90,666,000 after buying an additional 198,425 shares in the last quarter. New York State Common Retirement Fund lifted its position in ARMOUR Residential REIT by 5.6% during the 2nd quarter. New York State Common Retirement Fund now owns 39,275 shares of the real estate investment trust’s stock worth $982,000 after buying an additional 2,099 shares in the last quarter. Finally, Northern Trust Corp lifted its position in ARMOUR Residential REIT by 2.3% during the 2nd quarter. Northern Trust Corp now owns 450,075 shares of the real estate investment trust’s stock worth $11,253,000 after buying an additional 9,943 shares in the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/17/armour-residential-reit-inc-arr-cfo-james-r-mountain-buys-4000-shares-of-stock.html.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Insider Buying and Selling by Quarter for ARMOUR Residential REIT (NYSE:ARR)

Receive News & Ratings for ARMOUR Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply