ARMOUR Residential REIT (NYSE:ARR) Receives "Market Perform" Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of ARMOUR Residential REIT (NYSE:ARR - Free Report) in a research note released on Thursday,Benzinga reports.

A number of other brokerages have also issued reports on ARR. StockNews.com raised shares of ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a research note on Friday, October 25th. B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th.

ARMOUR Residential REIT Trading Up 0.2 %

NYSE ARR traded up $0.05 during trading on Thursday, reaching $18.53. 1,353,705 shares of the company's stock were exchanged, compared to its average volume of 2,288,580. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The company's fifty day simple moving average is $18.83 and its 200-day simple moving average is $19.66. The firm has a market capitalization of $1.03 billion, a PE ratio of 7.85 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. The business had revenue of $127.06 million during the quarter, compared to analysts' expectations of $10.95 million. Equities analysts forecast that ARMOUR Residential REIT will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, January 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.55%. ARMOUR Residential REIT's dividend payout ratio is currently 122.03%.

Insider Activity at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 2,500 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the transaction, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This trade represents a 26.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stewart J. Paperin sold 24,852 shares of the business's stock in a transaction 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 transaction, the director now directly owns 363 shares of the company's stock, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On ARMOUR Residential REIT

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in ARMOUR Residential REIT by 300.6% during the 3rd quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust's stock valued at $2,539,000 after purchasing an additional 93,397 shares during the period. State Street Corp boosted its position in shares of ARMOUR Residential REIT by 1.5% in the third quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock valued at $36,880,000 after acquiring an additional 27,575 shares during the period. Quest Partners LLC acquired a new stake in shares of ARMOUR Residential REIT in the third quarter worth $1,904,000. Susquehanna Fundamental Investments LLC increased its position in ARMOUR Residential REIT by 76.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust's stock worth $2,677,000 after acquiring an additional 59,791 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in ARMOUR Residential REIT by 42.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust's stock valued at $2,204,000 after purchasing an additional 32,351 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Company Profile

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.