ARMOUR Residential REIT (NYSE:ARR) Hits New 1-Year Low – Here’s What Happened

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.55 and last traded at $16.75, with a volume of 3247025 shares traded. The stock had previously closed at $17.03.

Wall Street Analysts Forecast Growth

Several research firms 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 initiated coverage on ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating for the company. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, ARMOUR Residential REIT has an average rating of “Hold” and an average price target of $20.50.

ARMOUR Residential REIT Price Performance

The business has a 50-day moving average of $18.60 and a 200-day moving average of $19.02. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -38.95 and a beta of 1.53.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $2.88 annualized dividend and a dividend yield of 17.19%. ARMOUR Residential REIT’s dividend payout ratio is presently -669.77%.

Insider Buying and Selling at ARMOUR Residential REIT

In other 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 value of $45,175.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of ARMOUR Residential REIT by 35.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 702 shares during the period. Summit Investment Advisors Inc. boosted its position in ARMOUR Residential REIT by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 777 shares during the period. Kovack Advisors Inc. increased its holdings in shares of ARMOUR Residential REIT by 4.8% in the fourth quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 1,003 shares during the last quarter. Bank of Montreal Can raised its position in shares of ARMOUR Residential REIT by 12.3% in the fourth quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 1,316 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ARMOUR Residential REIT by 14.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 1,481 shares during the last quarter. Institutional investors and hedge funds 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.