ARMOUR Residential REIT, Inc. (NYSE:ARR) Short Interest Up 6.4% in March

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 3,800,000 shares, an increase of 6.4% from the February 29th total of 3,570,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 3.3 days. Currently, 7.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group assumed coverage on ARMOUR Residential REIT in a research report on Wednesday, December 6th. They set a “neutral” rating and a $18.50 target price for the company. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th.

Read Our Latest Analysis on ARMOUR Residential REIT

Institutional Trading of ARMOUR Residential REIT

Large investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of ARMOUR Residential REIT by 12.6% in the 3rd quarter. CWM LLC now owns 6,803 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 760 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of ARMOUR Residential REIT in the 1st quarter valued at about $30,000. US Bancorp DE grew its stake in shares of ARMOUR Residential REIT by 44.4% in the 4th quarter. US Bancorp DE now owns 1,913 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 588 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of ARMOUR Residential REIT by 66.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,901 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of ARMOUR Residential REIT in the 3rd quarter valued at about $43,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock traded up $0.02 during trading hours on Wednesday, reaching $19.37. 479,857 shares of the company’s stock were exchanged, compared to its average volume of 1,142,281. The firm’s 50 day simple moving average is $19.23 and its 200 day simple moving average is $18.76. ARMOUR Residential REIT has a twelve month low of $13.31 and a twelve month high of $27.08.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, April 12th. This represents a $2.88 dividend on an annualized basis and a yield of 14.87%. ARMOUR Residential REIT’s payout ratio is currently -150.78%.

About ARMOUR Residential REIT

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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.

Further Reading

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