ARMOUR Residential REIT, Inc. (NYSE:ARR) Given Average Rating of “Hold” by Brokerages

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.3333.

ARR has been the subject of a number of analyst reports. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, January 21st. JonesTrading raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price objective for the company in a research report on Friday, January 16th. Finally, Compass Point started coverage on ARMOUR Residential REIT in a research note on Monday, December 15th. They set a “buy” rating and a $18.50 price objective for the company.

Insiders Place Their Bets

In other news, Director Robert C. Hain sold 6,833 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the transaction, the director owned 1,010 shares in the company, valued at approximately $18,240.60. This represents a 87.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.23% of the company’s stock.

Institutional Trading of ARMOUR Residential REIT

Large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC boosted its position in ARMOUR Residential REIT by 570.6% in the third quarter. Wolverine Asset Management LLC now owns 848,724 shares of the real estate investment trust’s stock worth $12,680,000 after purchasing an additional 722,160 shares during the last quarter. Simplicity Wealth LLC bought a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $1,037,000. ORG Wealth Partners LLC purchased a new position in shares of ARMOUR Residential REIT in the third quarter worth approximately $4,706,000. Principal Financial Group Inc. boosted its holdings in shares of ARMOUR Residential REIT by 34.1% in the third quarter. Principal Financial Group Inc. now owns 543,434 shares of the real estate investment trust’s stock worth $8,119,000 after buying an additional 138,039 shares during the last quarter. Finally, LDR Capital Management LLC bought a new stake in ARMOUR Residential REIT during the third quarter valued at approximately $888,000. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Price Performance

NYSE:ARR opened at $17.78 on Wednesday. The firm’s 50-day moving average price is $17.88 and its 200-day moving average price is $16.56. The company has a market capitalization of $1.99 billion, a PE ratio of 444.50 and a beta of 1.46. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $19.31.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 16.2%. ARMOUR Residential REIT’s payout ratio is presently 7,200.00%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.