ARMOUR Residential REIT, Inc. (NYSE:ARR) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,017,187 shares, a drop of 34.4% from the February 15th total of 3,073,517 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 2,489,655 shares, the days-to-cover ratio is presently 0.8 days.

ARR has been the topic of several analyst reports. Barclays restated a “sell” rating and issued a $19.00 price target on shares of ARMOUR Residential REIT in a research note on Tuesday, February 19th. TheStreet lowered shares of ARMOUR Residential REIT from a “c” rating to a “d” rating in a research note on Tuesday, February 19th. Finally, Zacks Investment Research upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, February 20th.

NYSE ARR opened at $19.50 on Wednesday. ARMOUR Residential REIT has a 12 month low of $19.32 and a 12 month high of $24.07. The company has a market cap of $1.17 billion, a P/E ratio of 7.80 and a beta of 0.62.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Thursday, February 14th. The real estate investment trust reported $0.64 EPS for the quarter. ARMOUR Residential REIT had a negative net margin of 37.42% and a positive return on equity of 10.59%. The business had revenue of $30.41 million for the quarter. Research analysts expect that ARMOUR Residential REIT will post 2.55 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 27th. Investors of record on Friday, March 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.69%. ARMOUR Residential REIT’s dividend payout ratio is presently 91.20%.

In other news, CFO James R. Mountain purchased 1,500 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of $19.77 per share, for a total transaction of $29,655.00. Following the completion of the purchase, the chief financial officer now owns 41,000 shares of the company’s stock, valued at $810,570. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of ARMOUR Residential REIT by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 437,352 shares of the real estate investment trust’s stock valued at $8,965,000 after acquiring an additional 22,894 shares during the period. Norges Bank acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $12,206,000. Millennium Management LLC acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $443,000. Thrivent Financial for Lutherans increased its stake in shares of ARMOUR Residential REIT by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 29,996 shares of the real estate investment trust’s stock valued at $615,000 after acquiring an additional 659 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $364,000. Institutional investors and hedge funds own 43.00% of the company’s stock.

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ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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