ARMOUR Residential REIT (NYSE:ARR) Now Covered by BTIG Research

BTIG Research began coverage on shares of ARMOUR Residential REIT (NYSE:ARR) in a report issued on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating on the real estate investment trust’s stock.

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

ARMOUR Residential REIT Price Performance

ARR stock opened at $18.93 on Monday. The business has a fifty day moving average price of $18.81 and a 200 day moving average price of $19.45. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.02 and a beta of 1.48.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.21%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Insider Buying and Selling

In related news, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT 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 directly owns 6,793 shares of the company’s stock, valued at $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, the director now directly owns 363 shares of the company’s stock, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in ARMOUR Residential REIT by 67.8% during the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 555 shares in the last quarter. Private Trust Co. NA bought a new position in ARMOUR Residential REIT during the fourth quarter worth about $28,000. McIlrath & Eck LLC bought a new position in ARMOUR Residential REIT during the third quarter worth about $61,000. KBC Group NV lifted its holdings in shares of ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 1,874 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at about $75,000. 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.