ARMOUR Residential REIT (NYSE:ARR) Receives Market Perform Rating from JMP Securities

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

Other analysts have also issued reports about the company. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock traded up $0.04 during mid-day trading on Thursday, reaching $18.69. The stock had a trading volume of 105,589 shares, compared to its average volume of 2,228,088. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The stock’s 50-day simple moving average is $18.83 and its 200-day simple moving average is $19.66. The firm has a market capitalization of $1.04 billion, a PE ratio of 7.92 and a beta of 1.47.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The business had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. On average, research analysts forecast that ARMOUR Residential REIT will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the sale, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This trade represents a 26.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, the director now owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of institutional investors have recently bought and sold shares of ARR. Barclays PLC increased its holdings in shares of ARMOUR Residential REIT by 300.6% in the third quarter. Barclays PLC now owns 124,470 shares of the real estate investment trust’s stock worth $2,539,000 after purchasing an additional 93,397 shares during the last quarter. State Street Corp raised its holdings in ARMOUR Residential REIT by 1.5% during the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock valued at $36,880,000 after buying an additional 27,575 shares during the period. Quest Partners LLC purchased a new stake in ARMOUR Residential REIT during the 3rd quarter valued at $1,904,000. Susquehanna Fundamental Investments LLC raised its holdings in ARMOUR Residential REIT by 76.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 138,140 shares of the real estate investment trust’s stock valued at $2,677,000 after buying an additional 59,791 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ARMOUR Residential REIT by 42.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 108,029 shares of the real estate investment trust’s stock valued at $2,204,000 after buying an additional 32,351 shares during the period. 54.17% of the stock is owned by institutional investors.

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.