ARMOUR Residential REIT (NYSE:ARR) Coverage Initiated by Analysts at BTIG Research

BTIG Research initiated coverage on shares of ARMOUR Residential REIT (NYSE:ARR - Free Report) in a research note published on Monday morning, Marketbeat.com reports. The brokerage issued a neutral rating on the real estate investment trust's stock.

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

ARMOUR Residential REIT Stock Up 1.6 %

ARR stock traded up $0.31 during trading hours on Monday, hitting $19.22. The company's stock had a trading volume of 3,467,699 shares, compared to its average volume of 2,239,438. The company has a market capitalization of $1.07 billion, a PE ratio of 8.14 and a beta of 1.48. The stock has a 50 day moving average price of $18.81 and a two-hundred day moving average price of $19.45. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 17th. This represents a $2.88 annualized dividend and a dividend yield of 14.99%. ARMOUR Residential REIT's dividend payout ratio is presently 122.03%.

Insider Activity at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were 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 directly owns 363 shares in the company, valued at $6,817.14. This represents a 98.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Hain sold 2,500 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the sale, the director now owns 6,793 shares in the company, valued at $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARR. Barclays PLC grew its holdings in shares of 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 worth $2,539,000 after purchasing an additional 93,397 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in ARMOUR Residential REIT by 70.3% during the third quarter. JPMorgan Chase & Co. now owns 70,970 shares of the real estate investment trust's stock worth $1,448,000 after buying an additional 29,306 shares in the last quarter. State Street Corp increased its holdings in ARMOUR Residential REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust's stock valued at $36,880,000 after buying an additional 27,575 shares during the period. Quest Partners LLC acquired a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at $1,904,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of ARMOUR Residential REIT by 42.7% in 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 buying an additional 32,351 shares in 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.