ARMOUR Residential REIT (ARR) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.63 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.71. Analysts expectations of $39.18 million. During the same quarter in the previous year, the company posted $0.12 EPS.
ARMOUR Residential REIT closed down -0.06 points or -0.28% at $21.28 with 4,84,143 shares getting traded on Friday. Post opening the session at $21.31, the shares hit an intraday low of $21.045 and an intraday high of $21.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 4, 2016, James R Mountain (CFO) purchased 2,000 shares at $19.95 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.