Stock Traders Purchase Large Volume of Call Options on ARMOUR Residential REIT (NYSE:ARR)

ARMOUR Residential REIT, Inc. (NYSE:ARR) was the target of some unusual options trading on Monday. Stock traders bought 2,305 call options on the company. This represents an increase of approximately 330% compared to the average daily volume of 536 call options.

ARR opened at $9.39 on Wednesday. ARMOUR Residential REIT has a 52-week low of $4.95 and a 52-week high of $21.15. The firm has a market capitalization of $606.50 million, a PE ratio of -1.00 and a beta of 1.05. The business’s 50-day simple moving average is $8.52 and its 200 day simple moving average is $13.35.

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.20 annualized dividend and a yield of 12.78%. ARMOUR Residential REIT’s payout ratio is presently 47.58%.

ARR has been the subject of a number of research analyst reports. Nomura reissued a “hold” rating and issued a $12.00 target price on shares of ARMOUR Residential REIT in a research note on Thursday, April 30th. Barclays reissued a “sell” rating and issued a $8.00 target price (down from $19.00) on shares of ARMOUR Residential REIT in a research note on Wednesday, April 29th. ValuEngine cut ARMOUR Residential REIT from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Zacks Investment Research cut ARMOUR Residential REIT from a “buy” rating to a “sell” rating in a research note on Friday, May 8th. Finally, Credit Suisse Group raised ARMOUR Residential REIT from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $9.00 to $9.50 in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $12.71.

In related news, insider Mark Gruber acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $8.80 per share, for a total transaction of $26,400.00. Following the completion of the acquisition, the insider now owns 54,890 shares of the company’s stock, valued at approximately $483,032. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Ulm acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average price of $6.90 per share, with a total value of $69,000.00. Following the acquisition, the chief executive officer now directly owns 154,864 shares of the company’s stock, valued at approximately $1,068,561.60. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARR. PNC Financial Services Group Inc. raised its stake in ARMOUR Residential REIT by 160.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,777 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,945 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of ARMOUR Residential REIT during the 1st quarter worth approximately $94,000. SG Americas Securities LLC raised its stake in ARMOUR Residential REIT by 63.0% in the 1st quarter. SG Americas Securities LLC now owns 12,877 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 4,979 shares during the period. Quantitative Investment Management LLC acquired a new stake in ARMOUR Residential REIT during the 1st quarter valued at $115,000. Finally, HighTower Advisors LLC bought a new position in ARMOUR Residential REIT during the first quarter worth $120,000. Institutional investors and hedge funds own 52.69% of the company’s stock.

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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