ARMOUR Residential REIT (NYSE:ARR) Sets New 52-Week Low – Time to Sell?

ARMOUR Residential REIT, Inc. (NYSE:ARR) hit a new 52-week low during trading on Thursday . The company traded as low as $13.18 and last traded at $15.05, with a volume of 6211381 shares trading hands. The stock had previously closed at $14.36.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARR. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Finally, BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.50.

ARMOUR Residential REIT Stock Performance

The firm has a 50-day moving average price of $18.09 and a 200-day moving average price of $18.76. The stock has a market cap of $1.20 billion, a PE ratio of -34.99 and a beta of 1.23.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, April 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 19.14%. ARMOUR Residential REIT’s dividend payout ratio is currently -669.77%.

Insider Buying and Selling

In related news, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $18.07, for a total value of $45,175.00. Following the transaction, the director now directly owns 6,793 shares of the company’s stock, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is owned by insiders.

Institutional Trading of ARMOUR Residential REIT

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 702 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in ARMOUR Residential REIT by 15.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 777 shares during the last quarter. Kovack Advisors Inc. raised its stake in 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 buying an additional 1,003 shares during the last quarter. Bank of Montreal Can raised its stake in 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 buying an additional 1,316 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in ARMOUR Residential REIT by 14.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 1,481 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other institutional investors.

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.