Armour Residential REIT Inc. (ARR) Sees Unusually-High Trading Volume
Armour Residential REIT Inc. (NYSE:ARR) saw unusually-high trading volume on Friday . Approximately 585,471 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 539,753 shares.The stock last traded at $20.28 and had previously closed at $20.06.
ARR has been the subject of a number of analyst reports. Zacks Investment Research lowered Armour Residential REIT from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. National Securities reiterated a “neutral” rating and issued a $21.00 price target on shares of Armour Residential REIT in a research note on Monday, April 18th. Ladenburg Thalmann lowered Armour Residential REIT from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 4th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 price target on shares of Armour Residential REIT in a research note on Sunday, April 10th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.14.
The firm’s 50-day moving average price is $19.54 and its 200 day moving average price is $20.15. The stock’s market capitalization is $743.38 million.
Armour Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by $0.19. During the same quarter in the previous year, the firm earned $0.08 EPS. Equities research analysts forecast that Armour Residential REIT Inc. will post $3.50 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Friday, July 15th will be issued a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 13.03%. The ex-dividend date is Wednesday, July 13th.
In other Armour Residential REIT news, CEO Jeffrey J. Zimmer bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The stock was bought at an average cost of $19.56 per share, for a total transaction of $293,400.00. Following the completion of the transaction, the chief executive officer now directly owns 52,946 shares of the company’s stock, valued at approximately $1,035,623.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James R. Mountain bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were acquired at an average price of $19.95 per share, with a total value of $39,900.00. Following the completion of the transaction, the chief financial officer now directly owns 9,966 shares of the company’s stock, valued at $198,821.70. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Systematic Financial Management LP acquired a new position in Armour Residential REIT during the fourth quarter worth about $1,817,000. Wells Fargo & Company MN increased its position in Armour Residential REIT by 402.0% in the fourth quarter. Wells Fargo & Company MN now owns 86,901 shares of the company’s stock worth $1,890,000 after buying an additional 69,591 shares in the last quarter. SECOR Capital Advisors LP acquired a new position in Armour Residential REIT during the fourth quarter worth about $1,150,000. California Public Employees Retirement System increased its position in Armour Residential REIT by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 154,275 shares of the company’s stock worth $3,357,000 after buying an additional 11,200 shares in the last quarter. Finally, Creative Planning increased its position in Armour Residential REIT by 3.5% in the fourth quarter. Creative Planning now owns 90,893 shares of the company’s stock worth $1,977,000 after buying an additional 3,106 shares in the last quarter.
ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).
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