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

ARMOUR Residential REIT (NYSE:ARR)‘s stock had its “market perform” rating restated by JMP Securities in a research note issued to investors on Thursday, Benzinga reports.

Separately, StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 5th.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR traded up $0.25 during mid-day trading on Thursday, hitting $17.76. 262,082 shares of the stock traded hands, compared to its average volume of 1,158,393. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $27.00. The company has a market cap of $865.80 million, a price-to-earnings ratio of -9.25 and a beta of 1.48. The stock has a fifty day moving average price of $19.08 and a 200-day moving average price of $18.49.

Institutional Trading of ARMOUR Residential REIT

Several large investors have recently modified their holdings of the company. CWM LLC grew its holdings in ARMOUR Residential REIT by 12.6% during the third quarter. CWM LLC now owns 6,803 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 760 shares during the period. Russell Investments Group Ltd. bought a new position in shares of ARMOUR Residential REIT in the first quarter worth about $30,000. US Bancorp DE lifted its position in shares of ARMOUR Residential REIT by 44.4% in the fourth quarter. US Bancorp DE now owns 1,913 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 588 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of ARMOUR Residential REIT by 66.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,901 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of ARMOUR Residential REIT in the third quarter worth about $43,000. 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.