ARMOUR Residential REIT, Inc. (ARR) CEO Scott Ulm Acquires 80,000 Shares

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ARMOUR Residential REIT, Inc. (NYSE:ARR) CEO Scott Ulm purchased 80,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $17.93 per share, with a total value of $1,434,400.00. Following the transaction, the chief executive officer now owns 120,764 shares of the company’s stock, valued at $2,165,298.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Scott Ulm also recently made the following trade(s):

  • On Friday, April 26th, Scott Ulm purchased 5,000 shares of ARMOUR Residential REIT stock. The stock was purchased at an average price of $19.32 per share, with a total value of $96,600.00.

Shares of ARR stock traded down $0.12 during mid-day trading on Thursday, reaching $17.97. The stock had a trading volume of 760,745 shares, compared to its average volume of 996,587. The stock has a market cap of $1.07 billion, a P/E ratio of 7.19 and a beta of 0.60. ARMOUR Residential REIT, Inc. has a 12-month low of $17.81 and a 12-month high of $24.07.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The company had revenue of $33.81 million for the quarter. ARMOUR Residential REIT had a positive return on equity of 10.14% and a negative net margin of 85.58%. Analysts forecast that ARMOUR Residential REIT, Inc. will post 2.5 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 17th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 12.69%. The ex-dividend date of this dividend is Friday, June 14th. ARMOUR Residential REIT’s dividend payout ratio is presently 91.20%.

A number of research analysts have recently weighed in on the company. ValuEngine cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. TheStreet cut ARMOUR Residential REIT from a “c” rating to a “d” rating in a research report on Tuesday, February 19th. Nomura assumed coverage on ARMOUR Residential REIT in a research report on Wednesday, March 27th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Barclays restated a “sell” rating and issued a $19.00 price target on shares of ARMOUR Residential REIT in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.67.

A number of institutional investors have recently bought and sold shares of ARR. Bank of New York Mellon Corp increased its position in ARMOUR Residential REIT by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 512,160 shares of the real estate investment trust’s stock worth $11,499,000 after purchasing an additional 33,492 shares in the last quarter. Teachers Advisors LLC increased its position in ARMOUR Residential REIT by 3.1% during the 3rd quarter. Teachers Advisors LLC now owns 86,800 shares of the real estate investment trust’s stock worth $1,949,000 after purchasing an additional 2,627 shares in the last quarter. Legal & General Group Plc increased its position in ARMOUR Residential REIT by 7.9% during the 3rd quarter. Legal & General Group Plc now owns 97,425 shares of the real estate investment trust’s stock worth $2,187,000 after purchasing an additional 7,108 shares in the last quarter. Vanguard Group Inc. increased its position in ARMOUR Residential REIT by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,018,767 shares of the real estate investment trust’s stock worth $90,221,000 after purchasing an additional 41,856 shares in the last quarter. Finally, Arizona State Retirement System increased its position in ARMOUR Residential REIT by 7.2% during the 4th quarter. Arizona State Retirement System now owns 65,197 shares of the real estate investment trust’s stock worth $1,337,000 after purchasing an additional 4,375 shares in the last quarter. Hedge funds and other institutional investors own 52.25% of the company’s stock.

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ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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