ARMOUR Residential REIT’s (ARR) Market Perform Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of ARMOUR Residential REIT (NYSE:ARR) in a report issued on Thursday morning,Benzinga reports.

ARR has been the topic of a number of other reports. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $18.53 on Thursday. The firm’s 50-day moving average is $18.82 and its two-hundred day moving average is $19.64. ARMOUR Residential REIT has a 12-month low of $17.35 and a 12-month high of $21.93. The company has a market capitalization of $1.03 billion, a PE ratio of 7.85 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. On average, analysts forecast that ARMOUR Residential REIT will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

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

Insider Buying and Selling at ARMOUR Residential REIT

In other 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 value of $466,720.56. Following the completion of the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Hain purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the director now directly owns 9,023 shares in the company, valued at $172,158.84. This trade represents a 38.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by corporate insiders.

Institutional Trading of ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently modified their holdings of ARR. Signaturefd LLC grew its position in shares of 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 buying an additional 555 shares in the last quarter. McIlrath & Eck LLC acquired a new position in ARMOUR Residential REIT during the 3rd quarter worth $61,000. KBC Group NV increased its position in shares of ARMOUR Residential REIT by 117.8% in 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 during the last quarter. US Bancorp DE raised its stake in shares of ARMOUR Residential REIT by 304.3% in the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 5,058 shares in the last quarter. Finally, FMR LLC lifted its position in shares of ARMOUR Residential REIT by 36.5% during the third quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 2,003 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other 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.