Armour Residential Reit, Inc. (ARR): James R Mountain , CFO of Armour Residential Reit, Inc. purchased 2,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $19.95 per share for a total value of $39,899.80 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Scott Ulm (CEO) purchased 10,000 shares at $19.85 per share price.On May 4, 2016, Jeffrey J Zimmer (CEO) purchased 15,000 shares at $19.56 per share price.Also, On Mar 9, 2015, Carolyn Downey (director) purchased 17,000 shares at $3.19 per share price.On Jan 22, 2015, Marc H Bell (director) sold 1,756,792 shares at $3.38 per share price.
Shares of ARMOUR Residential REIT (ARR) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.04 points or -0.20% at $20.01 with 11,26,045 shares getting traded. Post opening the session at $19.59, the shares hit an intraday low of $19.47 and an intraday high of $20.16 and the price vacillated in this range throughout the day. The company has a market cap of $734 M and the number of outstanding shares has been calculated to be 3,66,92,694 shares. The 52-week high of ARMOUR Residential REIT is $24.8 and the 52-week low is $16.61.
Company has been under the radar of several Street Analysts.ARMOUR Residential REIT is Downgraded by Ladenburg Thalmann to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 4, 2016.ARMOUR Residential REIT is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 21 from a previous price target of $24 . The Rating was issued on May 3, 2016.ARMOUR Residential REIT is Downgraded by Nomura to Reduce. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 24, 2016.ARMOUR Residential REIT is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 24 from a previous price target of $24.50 . The Rating was issued on Feb 23, 2016.
ARMOUR Residential REIT Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities. The Company’s securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is authorized to invest in Agency Securities and Non-Agency Securities backed by fixed rate hybrid adjustable rate and adjustable rate home loans as well as unsecured notes and bonds issued by United States Government-sponsored entity (GSE) Treasuries and money market instruments. The Company’s investment securities are issued or guaranteed by the United States Government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae). The Company is externally managed by ARMOUR Capital Management LP (ACM) an investment advisor.