JMP Securities Reaffirms “Market Perform” Rating for ARMOUR Residential REIT (NYSE:ARR)

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

Several other equities research analysts have also commented on ARR. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th.

ARMOUR Residential REIT Stock Up 0.2 %

ARR opened at $18.53 on Thursday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 7.85 and a beta of 1.47. ARMOUR Residential REIT has a fifty-two week low of $17.35 and a fifty-two week high of $21.93. The company’s 50-day moving average price is $18.82 and its 200 day moving average price is $19.64.

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

Insider Buying and Selling

In other news, Director Robert C. Hain acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $19.08 per share, with a total value of $47,700.00. Following the purchase, the director now owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. This trade represents a 38.33 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now directly owns 363 shares of the company’s stock, valued at $6,817.14. This represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in ARMOUR Residential REIT by 67.8% in the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 555 shares in the last quarter. McIlrath & Eck LLC bought a new position in shares of ARMOUR Residential REIT during the 3rd quarter valued at $61,000. KBC Group NV raised its holdings in shares of ARMOUR Residential REIT by 117.8% during the 4th quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 1,874 shares in the last quarter. US Bancorp DE raised its holdings in shares of ARMOUR Residential REIT by 304.3% during the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 5,058 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of 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 valued at $153,000 after purchasing an additional 2,003 shares in the last quarter. Institutional investors and hedge funds 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.