ARMOUR Residential REIT (NYSE:ARR) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.51 and traded as high as $17.88. ARMOUR Residential REIT shares last traded at $17.6650, with a volume of 3,458,821 shares traded.

Wall Street Analyst Weigh In

ARR has been the topic of a number of recent research reports. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Compass Point started coverage on ARMOUR Residential REIT in a report on Monday, December 15th. They issued a “buy” rating and a $18.50 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, January 21st. Finally, Jones Trading raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price objective on the stock in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of “Hold” and an average target price of $18.33.

ARMOUR Residential REIT Trading Up 0.4%

The firm has a market capitalization of $1.98 billion, a P/E ratio of 441.63 and a beta of 1.46. The stock has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $16.51.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 16.3%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 7,200.00%.

Insider Activity at ARMOUR Residential REIT

In other news, Director Robert C. Hain sold 6,833 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the completion of the sale, the director owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. This represents a 87.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On ARMOUR Residential REIT

Large investors have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 685 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of ARMOUR Residential REIT by 10.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,283 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 859 shares during the period. Kovack Advisors Inc. raised its stake in ARMOUR Residential REIT by 3.1% in the 3rd quarter. Kovack Advisors Inc. now owns 29,504 shares of the real estate investment trust’s stock worth $441,000 after acquiring an additional 889 shares during the last quarter. Stephens Inc. AR lifted its position in ARMOUR Residential REIT by 5.0% during the 4th quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 915 shares during the period. Finally, ProShare Advisors LLC grew its stake in ARMOUR Residential REIT by 4.7% during the 4th quarter. ProShare Advisors LLC now owns 21,946 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 988 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.