ARMOUR Residential REIT Stock Up 1.6 %
NYSE:ARR opened at $18.85 on Monday. ARMOUR Residential REIT has a one year low of $13.31 and a one year high of $30.90. The stock has a 50 day moving average price of $19.29 and a 200 day moving average price of $20.18.
ARMOUR Residential REIT Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.88 annualized dividend and a dividend yield of 15.28%. ARMOUR Residential REIT’s dividend payout ratio is presently -218.18%.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of ARMOUR Residential REIT by 14.0% during the second quarter. BlackRock Inc. now owns 33,119,543 shares of the real estate investment trust’s stock worth $176,527,000 after buying an additional 4,066,538 shares during the period. Vanguard Group Inc. boosted its position in shares of ARMOUR Residential REIT by 10.1% during the third quarter. Vanguard Group Inc. now owns 12,897,312 shares of the real estate investment trust’s stock worth $62,810,000 after buying an additional 1,188,289 shares during the period. State Street Corp boosted its position in shares of ARMOUR Residential REIT by 12.6% during the second quarter. State Street Corp now owns 6,311,740 shares of the real estate investment trust’s stock worth $33,642,000 after buying an additional 703,850 shares during the period. Invesco Ltd. boosted its position in shares of ARMOUR Residential REIT by 18.5% during the first quarter. Invesco Ltd. now owns 4,871,715 shares of the real estate investment trust’s stock worth $40,922,000 after buying an additional 762,209 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of ARMOUR Residential REIT by 23.8% during the second quarter. Geode Capital Management LLC now owns 3,799,952 shares of the real estate investment trust’s stock worth $20,254,000 after buying an additional 731,697 shares during the period. 42.72% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ARR. StockNews.com raised ARMOUR Residential REIT to a “sell” rating in a report on Thursday, December 7th. B. Riley increased their price target on ARMOUR Residential REIT from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 16th. Finally, UBS Group assumed coverage on ARMOUR Residential REIT in a research note on Wednesday, December 6th. They set a “neutral” rating and a $18.50 target price for the company.
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.
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