ARMOUR Residential REIT (NYSE:ARR) Given “Market Perform” Rating at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of ARMOUR Residential REIT (NYSE:ARR) in a research report sent to investors on Thursday,Benzinga reports.

A number of other research analysts have also recently issued reports on ARR. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $18.52 on Thursday. ARMOUR Residential REIT has a one year low of $17.35 and a one year high of $21.93. The stock has a market cap of $1.03 billion, a PE ratio of 7.85 and a beta of 1.47. The stock has a 50-day moving average of $18.83 and a two-hundred day moving average of $19.66.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, beating the consensus estimate of $0.99 by $0.01. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates 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, sell-side analysts predict that ARMOUR Residential REIT will post 3.91 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.55%. The ex-dividend date of this dividend is Wednesday, January 15th. ARMOUR Residential REIT’s payout ratio is 122.03%.

Insider Activity

In related news, Director Robert C. Hain acquired 2,500 shares of ARMOUR Residential REIT stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the director now owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. This represents a 38.33 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the sale, the director now owns 363 shares in the company, valued at $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 Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of ARMOUR Residential REIT by 67.8% during the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 555 shares during the period. McIlrath & Eck LLC acquired a new stake in ARMOUR Residential REIT during the third quarter valued at $61,000. KBC Group NV grew its position in ARMOUR Residential REIT by 117.8% during the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,874 shares during the period. US Bancorp DE raised its position in shares of ARMOUR Residential REIT by 304.3% in 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 period. Finally, FMR LLC boosted its stake in shares of ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 2,003 shares in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

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.