Shares of Armour Residential REIT Inc. (NYSE:ARR) saw strong trading volume on Friday . 585,471 shares were traded during trading, an increase of 8% from the previous session’s volume of 539,753 shares.The stock last traded at $20.28 and had previously closed at $20.06.

Several equities analysts have recently commented on the stock. Deutsche Bank AG reduced their price target on shares of Armour Residential REIT from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Tuesday, May 3rd. Ladenburg Thalmann cut shares of Armour Residential REIT from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 4th. National Securities cut shares of Armour Residential REIT from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $21.00 to $16.00 in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research lowered shares of Armour Residential REIT from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.14.

The stock’s market cap is $743.38 million. The company’s 50 day moving average is $19.54 and its 200 day moving average is $20.15.

Armour Residential REIT (NYSE:ARR) last announced its earnings results on Monday, May 2nd. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.91 by $0.19. During the same period in the previous year, the company posted $0.08 EPS. Equities research analysts forecast that Armour Residential REIT Inc. will post $3.50 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 27th. Investors of record on Friday, July 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $2.64 annualized dividend and a yield of 13.03%.

In other news, CFO James R. Mountain bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The shares were purchased at an average price of $19.95 per share, for a total transaction of $39,900.00. Following the acquisition, the chief financial officer now directly owns 9,966 shares of the company’s stock, valued at approximately $198,821.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey J. Zimmer bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was purchased at an average price of $19.56 per share, for a total transaction of $293,400.00. Following the acquisition, the chief executive officer now directly owns 52,946 shares in the company, valued at $1,035,623.76. The disclosure for this purchase can be found here.

Other hedge funds recently bought and sold shares of the company. SECOR Capital Advisors LP bought a new stake in Armour Residential REIT during the fourth quarter valued at about $1,150,000. Systematic Financial Management LP bought a new stake in Armour Residential REIT during the fourth quarter valued at about $1,817,000. Wells Fargo & Company MN raised its stake in Armour Residential REIT by 402.0% in the fourth quarter. Wells Fargo & Company MN now owns 86,901 shares of the company’s stock valued at $1,890,000 after buying an additional 69,591 shares in the last quarter. Creative Planning raised its stake in Armour Residential REIT by 3.5% in the fourth quarter. Creative Planning now owns 90,893 shares of the company’s stock valued at $1,977,000 after buying an additional 3,106 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Armour Residential REIT by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 154,275 shares of the company’s stock valued at $3,357,000 after buying an additional 11,200 shares in the last quarter.

ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).

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