ARMOUR Residential REIT’s (ARR) “Market Perform” Rating Reaffirmed at JMP Securities

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

A number of other analysts have also weighed in on the stock. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. B. Riley raised ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $18.52 on Thursday. The business’s 50 day moving average price is $18.83 and its 200-day moving average price is $19.66. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The company has a market cap of $1.03 billion, a P/E ratio of 7.85 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. As a group, equities analysts predict that ARMOUR Residential REIT will post 3.91 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.55%. The ex-dividend date is Wednesday, January 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Insider Activity at ARMOUR Residential REIT

In other news, Director Robert C. Hain acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the acquisition, the director now directly owns 9,023 shares of the company’s stock, valued at $172,158.84. The trade was a 38.33 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction dated 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 owns 363 shares in the company, valued at approximately $6,817.14. The trade was 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 company insiders.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of large investors have recently bought and sold shares of ARR. State Street Corp increased its holdings in shares of 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 acquiring an additional 27,575 shares during the period. Geode Capital Management LLC boosted its position in ARMOUR Residential REIT by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock valued at $23,427,000 after purchasing an additional 9,519 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in ARMOUR Residential REIT by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock valued at $9,231,000 after purchasing an additional 9,425 shares during the last quarter. LifePro Asset Management raised its holdings in ARMOUR Residential REIT by 34.7% in the third quarter. LifePro Asset Management now owns 141,426 shares of the real estate investment trust’s stock worth $2,885,000 after purchasing an additional 36,439 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of 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 valued at $2,677,000 after buying an additional 59,791 shares during 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.