ARMOUR Residential REIT (NYSE:ARR) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of ARMOUR Residential REIT (NYSE:ARR) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

A number of other research analysts have also recently commented on ARR. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. BTIG Research began coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a “neutral” rating for the company. Finally, JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.50.

ARMOUR Residential REIT Trading Down 0.1 %

NYSE ARR opened at $19.19 on Friday. The company’s fifty day simple moving average is $18.81 and its 200-day simple moving average is $19.43. ARMOUR Residential REIT has a 52 week low of $17.35 and a 52 week high of $21.93. The stock has a market cap of $1.07 billion, a P/E ratio of 8.13 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.01%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 122.03%.

Insider Buying and Selling

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction on Monday, January 13th. The shares were 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. The trade was a 26.90 % decrease in their ownership of the stock. The transaction 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 the business’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 sale, the director now owns 363 shares of the company’s stock, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors have recently added to or reduced their stakes in ARR. Creative Planning increased its stake in ARMOUR Residential REIT by 19.7% during the third quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock valued at $287,000 after purchasing an additional 2,311 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of ARMOUR Residential REIT by 5.4% during the third quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 1,490 shares during the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of ARMOUR Residential REIT during the third quarter worth about $377,000. 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 acquiring an additional 555 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of ARMOUR Residential REIT by 304.3% during the third quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock worth $137,000 after acquiring an additional 5,058 shares during the last quarter. 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.