ARMOUR Residential REIT, Inc. (NYSE:ARR) COO Mark Gruber purchased 2,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was purchased at an average cost of $22.70 per share, with a total value of $45,400.00. Following the acquisition, the chief operating officer now owns 22,300 shares in the company, valued at $506,210. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
ARMOUR Residential REIT, Inc. (ARR) traded down $0.78 during trading on Tuesday, reaching $22.46. The company’s stock had a trading volume of 413,283 shares, compared to its average volume of 520,038. The firm has a market cap of $973.03, a PE ratio of 5.48 and a beta of 0.55. ARMOUR Residential REIT, Inc. has a 12-month low of $21.30 and a 12-month high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. ARMOUR Residential REIT had a return on equity of 12.51% and a net margin of 65.90%. During the same period in the previous year, the business posted $0.71 earnings per share. equities analysts expect that ARMOUR Residential REIT, Inc. will post 2.75 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $2.28 annualized dividend and a yield of 10.15%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 55.21%.
Institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. acquired a new position in ARMOUR Residential REIT in the 3rd quarter valued at approximately $137,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $180,000. SG Americas Securities LLC acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $195,000. Stratos Wealth Partners LTD. acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $213,000. 58.73% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report on Monday, January 1st.
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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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