ARMOUR Residential REIT (NYSE:ARR) Rating Reiterated by 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 morning, Benzinga reports.

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

ARMOUR Residential REIT Price Performance

Shares of NYSE:ARR opened at $17.72 on Thursday. The company’s 50 day simple moving average is $19.06 and its 200 day simple moving average is $18.48. The stock has a market capitalization of $863.85 million, a price-to-earnings ratio of -9.28 and a beta of 1.48. ARMOUR Residential REIT has a 1 year low of $13.31 and a 1 year high of $27.00.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 dividend on an annualized basis and a yield of 16.25%. ARMOUR Residential REIT’s dividend payout ratio is currently -150.78%.

Institutional Trading of ARMOUR Residential REIT

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in ARMOUR Residential REIT in the fourth quarter valued at approximately $431,000. Voya Investment Management LLC acquired a new stake in ARMOUR Residential REIT in the fourth quarter valued at approximately $329,000. Nuveen Asset Management LLC acquired a new stake in ARMOUR Residential REIT in the fourth quarter valued at approximately $2,017,000. Clear Street Markets LLC acquired a new stake in ARMOUR Residential REIT in the fourth quarter valued at approximately $58,000. Finally, Creative Planning boosted its position in ARMOUR Residential REIT by 7.8% in the fourth quarter. Creative Planning now owns 12,823 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 923 shares in 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.