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.
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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).
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