ARMOUR Residential REIT (NYSE:ARR) Research Coverage Started at BTIG Research

BTIG Research began coverage on shares of ARMOUR Residential REIT (NYSE:ARR) in a research report report published on Monday, Marketbeat.com reports. The firm issued a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on ARR. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Down 0.7 %

Shares of NYSE:ARR opened at $18.93 on Monday. The business has a 50 day moving average price of $18.81 and a 200 day moving average price of $19.45. ARMOUR Residential REIT has a twelve month low of $17.35 and a twelve month high of $21.93. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 8.02 and a beta of 1.48.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be given a $0.24 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.21%. ARMOUR Residential REIT’s dividend payout ratio is currently 122.03%.

Insiders Place Their Bets

In related news, Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now owns 363 shares in the company, valued at $6,817.14. This trade represents a 98.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $18.07, for a total value of $45,175.00. Following the transaction, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On ARMOUR Residential REIT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in shares of ARMOUR Residential REIT by 67.8% during the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 555 shares during the period. Private Trust Co. NA bought a new position in shares of ARMOUR Residential REIT during the 4th quarter worth approximately $28,000. McIlrath & Eck LLC acquired a new stake in ARMOUR Residential REIT during the 3rd quarter valued at $61,000. KBC Group NV increased its holdings in ARMOUR Residential REIT by 117.8% during the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 1,874 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in ARMOUR Residential REIT during the 4th quarter valued at $75,000. Institutional investors own 54.17% of the company’s stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.