ARMOUR Residential REIT (NYSE:ARR) Sets New 52-Week Low - Here's Why

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $17.00 and last traded at $17.12, with a volume of 1155723 shares trading hands. The stock had previously closed at $17.58.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They set a "neutral" rating on the stock. B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $20.50.

ARMOUR Residential REIT Stock Down 0.4 %

The stock has a 50 day moving average of $18.67 and a 200 day moving average of $19.06. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -39.62 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.88 annualized dividend and a dividend yield of 16.91%. ARMOUR Residential REIT's payout ratio is -669.77%.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now directly owns 6,793 shares of the company's stock, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On ARMOUR Residential REIT

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA bought a new stake in shares of ARMOUR Residential REIT during the 4th quarter valued at about $28,000. Sterling Capital Management LLC grew its holdings in ARMOUR Residential REIT by 927.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,596 shares during the period. Russell Investments Group Ltd. increased its stake in ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 702 shares in the last quarter. McIlrath & Eck LLC bought a new stake in ARMOUR Residential REIT in the third quarter valued at $61,000. Finally, KBC Group NV boosted its position in shares of 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 worth $65,000 after purchasing an additional 1,874 shares in the last quarter. Institutional investors own 54.17% of the company's stock.

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.