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

JMP Securities reissued 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 lowered ARMOUR Residential REIT from a hold rating to a sell rating in a report on Friday, April 5th.

ARMOUR Residential REIT Stock Up 1.2 %

ARR opened at $17.72 on Thursday. The stock has a fifty day moving average of $19.06 and a 200-day moving average of $18.48. The firm has a market capitalization of $863.85 million, a P/E ratio of -9.28 and a beta of 1.48. ARMOUR Residential REIT has a 12-month low of $13.31 and a 12-month high of $27.00.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 annualized dividend and a dividend yield of 16.25%. ARMOUR Residential REIT’s dividend payout ratio is -150.78%.

Institutional Trading of ARMOUR Residential REIT

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $431,000. Voya Investment Management LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $329,000. Nuveen Asset Management LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $2,017,000. Clear Street Markets LLC purchased a new stake in shares of ARMOUR Residential REIT during the fourth quarter worth $58,000. Finally, Creative Planning raised its holdings in shares of ARMOUR Residential REIT by 7.8% during the fourth quarter. Creative Planning now owns 12,823 shares of the real estate investment trust’s stock worth $248,000 after acquiring an additional 923 shares in the last quarter. 54.17% of the stock is currently 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.