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

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

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

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

NYSE ARR traded up $0.07 during trading on Friday, reaching $18.11. The company’s stock had a trading volume of 10,213 shares, compared to its average volume of 996,587. The stock has a market capitalization of $1.07 billion, a PE ratio of 7.24 and a beta of 0.60. ARMOUR Residential REIT, Inc. has a 1-year low of $17.81 and a 1-year high of $24.07.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). ARMOUR Residential REIT had a positive return on equity of 10.14% and a negative net margin of 85.58%. The firm had revenue of $33.81 million during the quarter. On average, analysts expect that ARMOUR Residential REIT, Inc. will post 2.5 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 17th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.59%. The ex-dividend date is Friday, June 14th. ARMOUR Residential REIT’s payout ratio is 91.20%.

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

Institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY increased its position in ARMOUR Residential REIT by 372.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,786 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 10,871 shares during the period. Pearl River Capital LLC bought a new stake in ARMOUR Residential REIT in the 4th quarter valued at $68,000. Rhumbline Advisers increased its holdings in ARMOUR Residential REIT by 21.7% in the 4th quarter. Rhumbline Advisers now owns 123,215 shares of the real estate investment trust’s stock valued at $2,526,000 after buying an additional 21,956 shares during the period. Chicago Equity Partners LLC increased its holdings in ARMOUR Residential REIT by 7.1% in the 4th quarter. Chicago Equity Partners LLC now owns 442,325 shares of the real estate investment trust’s stock valued at $9,068,000 after buying an additional 29,370 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in ARMOUR Residential REIT by 5.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,023,456 shares of the real estate investment trust’s stock valued at $20,981,000 after buying an additional 50,758 shares during the period. Institutional investors and hedge funds own 52.25% of the company’s stock.

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About ARMOUR Residential REIT

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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