ARMOUR Residential REIT (NYSE:ARR) Reaches New 12-Month Low – What’s Next?

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) reached a new 52-week low during trading on Wednesday. The stock traded as low as $13.30 and last traded at $13.4650, with a volume of 5395342 shares traded. The stock had previously closed at $13.53.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARR shares. Weiss Ratings downgraded shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.50.

ARMOUR Residential REIT Trading Up 1.2%

The firm has a 50-day simple moving average of $15.56 and a two-hundred day simple moving average of $16.49. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 3.62 and a beta of 1.42.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $113.29 million during the quarter, compared to analyst estimates of $111.98 million. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%. On average, sell-side analysts forecast that ARMOUR Residential REIT, Inc. will post 2.93 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, October 15th. This represents a $2.88 dividend on an annualized basis and a yield of 21.4%. ARMOUR Residential REIT’s payout ratio is 77.42%.

Insider Buying and Selling

In other news, Chairman Daniel Staton sold 35,583 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $15.86, for a total transaction of $564,346.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc increased its position in ARMOUR Residential REIT by 576.2% during the second quarter. IFP Advisors Inc now owns 1,420 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,210 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of ARMOUR Residential REIT by 161.2% in the first quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,931 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ARMOUR Residential REIT by 61.0% in the second quarter. GAMMA Investing LLC now owns 3,454 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,309 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth about $100,000. Finally, NewEdge Advisors LLC increased its holdings in shares of ARMOUR Residential REIT by 34,376.5% during the 2nd quarter. NewEdge Advisors LLC now owns 5,861 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 5,844 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government agencies and government-sponsored enterprises, including Ginnie Mae, Fannie Mae and Freddie Mac. Its portfolio may include fixed-rate and adjustable-rate mortgage securities, as well as other investments related to the U.S. residential mortgage market.

The company seeks to generate income from its investments and manages interest-rate and prepayment risks through portfolio composition, financing arrangements and hedging strategies.