ARMOUR Residential REIT, Inc. (NYSE:ARR) CFO James R. Mountain bought 4,000 shares of the stock in a transaction dated Friday, February 16th. The stock was purchased at an average cost of $22.99 per share, with a total value of $91,960.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
ARMOUR Residential REIT, Inc. (ARR) traded up $0.20 during midday trading on Friday, hitting $23.26. The stock had a trading volume of 354,149 shares, compared to its average volume of 516,326. The firm has a market cap of $965.49, a PE ratio of 4.57 and a beta of 0.55. ARMOUR Residential REIT, Inc. has a one year low of $21.30 and a one year high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter in the previous year, the firm earned $0.71 earnings per share. equities analysts predict that ARMOUR Residential REIT, Inc. will post 2.69 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of ARMOUR Residential REIT by 0.9% during the fourth quarter. BlackRock Inc. now owns 6,091,250 shares of the real estate investment trust’s stock worth $156,667,000 after purchasing an additional 55,576 shares during the period. Vanguard Group Inc. grew its stake in shares of ARMOUR Residential REIT by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,220,482 shares of the real estate investment trust’s stock worth $80,512,000 after purchasing an additional 143,749 shares during the period. Global X Management Co. LLC grew its stake in shares of ARMOUR Residential REIT by 2.7% during the fourth quarter. Global X Management Co. LLC now owns 914,357 shares of the real estate investment trust’s stock worth $23,517,000 after purchasing an additional 24,406 shares during the period. Global X MANAGEMENT CO LLC grew its stake in shares of ARMOUR Residential REIT by 5.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 889,951 shares of the real estate investment trust’s stock worth $23,940,000 after purchasing an additional 47,313 shares during the period. Finally, State Street Corp grew its stake in shares of ARMOUR Residential REIT by 4.5% during the second quarter. State Street Corp now owns 819,433 shares of the real estate investment trust’s stock worth $20,483,000 after purchasing an additional 35,592 shares during the period. 58.68% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.
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ARMOUR Residential REIT Company Profile
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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