ARMOUR Residential REIT Sees Unusually High Options Volume (ARR)

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.



Several institutional investors have recently added to or reduced their stakes in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of ARMOUR Residential REIT by 34.9% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 309,000 shares of the real estate investment trust’s stock worth $7,947,000 after purchasing an additional 80,000 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of ARMOUR Residential REIT by 14.2% during the 4th quarter. Sterling Capital Management LLC now owns 39,795 shares of the real estate investment trust’s stock worth $1,024,000 after purchasing an additional 4,946 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of ARMOUR Residential REIT during the 4th quarter worth about $499,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of ARMOUR Residential REIT by 32.4% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 20,550 shares of the real estate investment trust’s stock worth $528,000 after purchasing an additional 5,030 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of ARMOUR Residential REIT by 9.0% during the 4th quarter. Teachers Advisors LLC now owns 74,338 shares of the real estate investment trust’s stock worth $1,912,000 after purchasing an additional 6,164 shares during the last quarter. 60.22% of the stock is currently owned by institutional investors.

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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