ARMOUR Residential REIT (NYSE:ARR) was the recipient of some unusual options trading activity on Thursday. Stock investors bought 657 call options on the company. This is an increase of 1,163% compared to the typical daily volume of 52 call options.
Separately, Zacks Investment Research raised shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Tuesday.
In other ARMOUR Residential REIT news, CFO James R. Mountain acquired 4,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of $22.99 per share, with a total value of $91,960.00. Following the purchase, the chief financial officer now owns 23,579 shares in the company, valued at $542,081.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mark Gruber acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of $22.70 per share, for a total transaction of $45,400.00. Following the completion of the purchase, the chief operating officer now owns 22,300 shares in the company, valued at approximately $506,210. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 12,500 shares of company stock worth $283,740. 1.20% of the stock is owned by corporate insiders.
Shares of NYSE ARR opened at $23.07 on Friday. The stock has a market capitalization of $983.70, a P/E ratio of 8.81 and a beta of 0.53. ARMOUR Residential REIT has a 52 week low of $21.40 and a 52 week high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.68 EPS for the quarter, beating the Zacks’ 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 period in the previous year, the business posted $0.71 EPS. equities analysts anticipate that ARMOUR Residential REIT will post 2.45 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, April 12th. This represents a $2.28 annualized dividend and a dividend yield of 9.88%. ARMOUR Residential REIT’s dividend payout ratio is currently 87.02%.
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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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