ARMOUR Residential REIT Inc (NYSE: ARR) is 1.50% higher on its value in year-to-date trading and has touched a low of $13.31 and a high of $27.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARR stock was last observed hovering at around $19.02 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $19.61, the stock is 1.66% and 2.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 3.10% at the moment leaves the stock -6.34% off its SMA200. ARR registered -23.70% loss for a year compared to 6-month loss of -9.21%. The firm has a 50-day simple moving average (SMA 50) of -$14.74.
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The stock witnessed a 2.72% gain in the last 1 month and extending the period to 3 months gives it a -0.86%, and is 1.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.12% over the month.
ARMOUR Residential REIT Inc (ARR) has around 22 employees, a market worth around $960.89M and $449.68M in sales. Fwd P/E is 4.36. Profit margin for the company is -17.78%. Distance from 52-week low is 47.28% and -27.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.29%).
ARMOUR Residential REIT Inc quarterly earnings per share for the current quarter are estimated at $1.04 with sales reaching $750k over the same period.The EPS is expected to shrink by -9.38% this year, but quarterly earnings will post -46.50% year-over-year. Quarterly sales are estimated to shrink -93.70% in year-over-year returns.
216 institutions hold shares in ARMOUR Residential REIT Inc (ARR), with institutional investors hold 57.04% of the company’s shares. The shares outstanding are 48.80M, and float is at 48.72M with Short Float at 7.81%. Institutions hold 56.65% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.62 million shares valued at $176.53 million. The investor’s holdings represent 2.90% of the ARR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 4.28 million shares valued at $114.16 million to account for 1.88% of the shares outstanding. The other top investors are State Street Corporation which holds 1.26 million shares representing 0.55% and valued at over $33.64 million, while Geode Capital Management, LLC holds 0.33% of the shares totaling 0.76 million with a market value of $20.25 million.
ARMOUR Residential REIT Inc (ARR) Insider Activity
The most recent transaction is an insider sale by STATON DANIEL C, the company’s Chairman of the Board. SEC filings show that STATON DANIEL C sold 61,682 shares of the company’s common stock on Dec 29 ’23 at a price of $19.46 per share for a total of $1.2 million. Following the sale, the insider now owns 10500.0 shares.
ARMOUR Residential REIT Inc disclosed in a document filed with the SEC on Nov 21 ’23 that MOUNTAIN JAMES R (Chief Financial Officer) sold a total of 740 shares of the company’s common stock. The trade occurred on Nov 21 ’23 and was made at $17.41 per share for $12883.0. Following the transaction, the insider now directly holds 19502.0 shares of the ARR stock.
