ARMOUR Residential REIT (NYSE:ARR) Shares Down 6.8% - Time to Sell?

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) fell 6.8% during trading on Wednesday . The stock traded as low as $13.35 and last traded at $13.38. 2,152,233 shares traded hands during trading, a decline of 22% from the average session volume of 2,776,678 shares. The stock had previously closed at $14.36.

Analysts Set New Price Targets

A number of research firms recently issued reports on ARR. BTIG Research started coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating for the company. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. B. Riley raised ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. Finally, JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research note 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. Based on data from MarketBeat.com, ARMOUR Residential REIT presently has a consensus rating of "Hold" and an average target price of $20.50.

ARMOUR Residential REIT Trading Up 2.3 %

The company has a 50 day moving average of $17.90 and a 200 day moving average of $18.66. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -33.53 and a beta of 1.23.

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ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a $0.24 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $2.88 annualized dividend and a dividend yield of 19.97%. ARMOUR Residential REIT's dividend payout ratio is presently -669.77%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of ARMOUR Residential REIT by 17.4% during the fourth quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock worth $114,031,000 after acquiring an additional 895,433 shares during the period. State Street Corp increased its holdings in ARMOUR Residential REIT by 1.5% during the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock worth $36,880,000 after purchasing an additional 27,575 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of ARMOUR Residential REIT by 86.3% in the fourth quarter. Invesco Ltd. now owns 1,628,903 shares of the real estate investment trust's stock valued at $30,721,000 after purchasing an additional 754,582 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of ARMOUR Residential REIT by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust's stock worth $24,611,000 after buying an additional 156,514 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in shares of ARMOUR Residential REIT during the fourth quarter worth about $19,865,000. 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.