ARMOUR Residential REIT, Inc. (NYSE:ARR) CEO Jeffrey J. Zimmer bought 6,500 shares of ARMOUR Residential REIT stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $22.52 per share, with a total value of $146,380.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
ARMOUR Residential REIT, Inc. (ARR) opened at $22.57 on Friday. ARMOUR Residential REIT, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $27.60. The stock has a market cap of $945.16, a PE ratio of 8.12 and a beta of 0.61.
ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating 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 company earned $0.71 EPS. research analysts forecast that ARMOUR Residential REIT, Inc. will post 2.75 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new position in shares of ARMOUR Residential REIT during the third quarter valued at about $137,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of ARMOUR Residential REIT during the third quarter valued at about $180,000. SG Americas Securities LLC acquired a new position in shares of ARMOUR Residential REIT during the third quarter valued at about $195,000. Stratos Wealth Partners LTD. acquired a new position in shares of ARMOUR Residential REIT during the third quarter valued at about $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ARMOUR Residential REIT during the third quarter valued at about $213,000. Hedge funds and other institutional investors own 58.90% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report 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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