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ARR

Land This Cheap 12.2% Yielder Even Lower Than Co-CEO and President Zimmer Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on April 26, ARMOUR Residential REIT Inc.'s Co-CEO and President, Jeffrey J. Zimmer, invested $96,600.00 into 5,000 shares of ARR, for a cost per share of $19.32. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of ARMOUR Residential REIT Inc. (Symbol: ARR) and achieve a cost basis 3.7% cheaper than Zimmer, with shares changing hands as low as $18.60 per share. ARMOUR Residential REIT Inc. shares are currently trading up about 1% on the day. The chart below shows the one year performance of ARR shares, versus its 200 day moving average:

ARMOUR Residential REIT Inc. Chart

Looking at the chart above, ARR's low point in its 52 week range is $18.46 per share, with $24.07 as the 52 week high point — that compares with a last trade of $18.86. By comparison, below is a table showing the prices at which ARR insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
03/05/2019 James R. Mountain Chief Financial Officer 1,500 $19.77 $29,650.30
03/22/2019 Daniel C. Staton Chairman of the Board 12,863 $19.51 $250,957.13
04/26/2019 Jeffrey J. Zimmer Co-CEO and President 5,000 $19.32 $96,600.00
04/26/2019 Scott Ulm Co-CEO and CIO 5,000 $19.32 $96,600.00
05/09/2019 Daniel C. Staton Chairman of the Board 5,000 $18.70 $93,491.00

The current annualized dividend paid by ARMOUR Residential REIT Inc. is $2.28/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 05/14/2019. Below is a long-term dividend history chart for ARR, which can be of good help in judging whether the most recent dividend with approx. 12.2% annualized yield is likely to continue.

ARR+Dividend+History+Chart

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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