Robert C. Hain Sells 750 Shares of ARMOUR Residential REIT, Inc. (ARR) Stock

ARMOUR Residential REIT, Inc. (NYSE:ARR) Director Robert C. Hain sold 750 shares of ARMOUR Residential REIT stock in a transaction on Monday, May 20th. The shares were sold at an average price of $18.27, for a total value of $13,702.50. Following the completion of the transaction, the director now owns 1,969 shares in the company, valued at approximately $35,973.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ARR traded down $0.12 during midday trading on Wednesday, reaching $17.97. 760,745 shares of the company were exchanged, compared to its average volume of 1,044,622. The stock has a market cap of $1.08 billion, a PE ratio of 7.19 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 EPS for the quarter, missing the Zacks’ consensus estimate 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%. As a group, analysts predict 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. Shareholders of record on Monday, June 17th will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend 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%.

Institutional investors and hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co NY lifted its stake in shares of ARMOUR Residential REIT by 20.1% in the first quarter. Metropolitan Life Insurance Co NY now owns 16,551 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 2,765 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of ARMOUR Residential REIT in the first quarter worth about $235,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of ARMOUR Residential REIT by 141.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 28,759 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 16,870 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of ARMOUR Residential REIT by 18.0% in the first quarter. MetLife Investment Advisors LLC now owns 22,887 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 3,487 shares in the last quarter. Finally, SEI Investments Co lifted its stake in shares of ARMOUR Residential REIT by 169.4% in the first quarter. SEI Investments Co now owns 20,141 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 12,664 shares in the last quarter. Institutional investors own 44.66% of the company’s stock.

A number of research analysts have commented on the company. Zacks Investment Research upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. ValuEngine cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. TheStreet cut ARMOUR Residential REIT from a “c” rating to a “d” rating in a research note on Tuesday, February 19th. Nomura assumed coverage on ARMOUR Residential REIT in a research note on Wednesday, March 27th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Barclays restated a “sell” rating and set a $19.00 price objective 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 given a hold rating to the stock. ARMOUR Residential REIT currently has an average rating of “Hold” and a consensus price target of $20.67.

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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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Insider Buying and Selling by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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