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

ARMOUR Residential REIT, Inc. (NYSE:ARR) hit a new 52-week low on Thursday . The company traded as low as $16.55 and last traded at $16.75, with a volume of 3247025 shares. The stock had previously closed at $17.03.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. Finally, BTIG Research started coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.50.

ARMOUR Residential REIT Stock Performance

The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -38.95 and a beta of 1.53. The firm has a fifty day moving average price of $18.60 and a 200-day moving average price of $19.02.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 17.19%. The ex-dividend date of this dividend is Tuesday, April 15th. ARMOUR Residential REIT’s dividend payout ratio is currently -669.77%.

Insider Transactions at ARMOUR Residential REIT

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

Hedge Funds Weigh In On ARMOUR Residential REIT

Several hedge funds and other institutional investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new position in ARMOUR Residential REIT in the third quarter valued at about $322,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ARMOUR Residential REIT by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock valued at $9,231,000 after purchasing an additional 9,425 shares during the last quarter. FMR LLC increased its position in ARMOUR Residential REIT by 36.5% during the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 2,003 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in ARMOUR Residential REIT by 171.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 27,480 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 17,342 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in ARMOUR Residential REIT by 42.7% in the third 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 in the last quarter. Institutional investors 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.