ARMOUR Residential REIT (NYSE:ARR) Receives “Market Perform” Rating from JMP Securities

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

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

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $18.53 on Thursday. The firm has a market capitalization of $1.03 billion, a PE ratio of 7.85 and a beta of 1.47. ARMOUR Residential REIT has a 1-year low of $17.35 and a 1-year high of $21.93. The business’s fifty day moving average price is $18.82 and its two-hundred day moving average price is $19.64.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01. The firm had revenue of $127.06 million for the quarter, compared to the consensus estimate of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. Equities research analysts expect that ARMOUR Residential REIT will post 3.91 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be given a $0.24 dividend. This represents a $2.88 annualized dividend and a 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 Buying and Selling

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the company’s stock in a transaction dated 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 directly owns 6,793 shares of the company’s stock, valued at approximately $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 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. Insiders own 0.35% of the company’s stock.

Institutional Trading of ARMOUR Residential REIT

Several hedge funds and other institutional investors have recently modified their holdings of ARR. Signaturefd LLC lifted its stake in ARMOUR Residential REIT by 67.8% in the 3rd 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. McIlrath & Eck LLC purchased a new stake in shares of ARMOUR Residential REIT in the third quarter worth approximately $61,000. KBC Group NV lifted its position 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 worth $65,000 after purchasing an additional 1,874 shares in the last quarter. US Bancorp DE boosted its holdings 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 purchasing an additional 5,058 shares during the period. Finally, FMR LLC lifted its position in ARMOUR Residential REIT by 36.5% in the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 2,003 shares in the last quarter. Institutional investors and hedge funds 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.