ARMOUR Residential REIT, Inc. (NYSE:ARR) Short Interest Update

ARMOUR Residential REIT, Inc. (NYSE:ARR) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 12,410,540 shares, a growth of 26.8% from the November 30th total of 9,789,360 shares. Currently, 11.1% of the company’s shares are short sold. Based on an average trading volume of 2,965,326 shares, the days-to-cover ratio is presently 4.2 days. Based on an average trading volume of 2,965,326 shares, the days-to-cover ratio is presently 4.2 days. Currently, 11.1% of the company’s shares are short sold.

Institutional Trading of ARMOUR Residential REIT

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL purchased a new position in ARMOUR Residential REIT during the 3rd quarter worth approximately $1,280,000. CIBC Bancorp USA Inc. acquired a new stake in shares of ARMOUR Residential REIT in the third quarter worth $177,000. Danske Bank A S purchased a new position in shares of ARMOUR Residential REIT during the third quarter worth $42,000. Laurion Capital Management LP acquired a new position in ARMOUR Residential REIT during the third quarter valued at $556,000. Finally, PharVision Advisers LLC purchased a new stake in ARMOUR Residential REIT in the third quarter valued at $164,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Trading Down 0.2%

Shares of ARMOUR Residential REIT stock opened at $17.52 on Wednesday. ARMOUR Residential REIT has a 12 month low of $13.18 and a 12 month high of $19.33. The firm has a market capitalization of $1.96 billion, a P/E ratio of 438.08 and a beta of 1.45. The business has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $16.18.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $210.90 million during the quarter, compared to the consensus estimate of $63.25 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.During the same quarter in the prior year, the firm earned $1.00 earnings per share. Analysts predict that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th will be paid a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Thursday, January 15th. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Analyst Upgrades and Downgrades

ARR has been the subject of several recent research reports. Zacks Research downgraded ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Compass Point began coverage on shares of ARMOUR Residential REIT in a report on Monday, December 15th. They set a “buy” rating and a $18.50 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating and set a $16.00 price target on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, ARMOUR Residential REIT has a consensus rating of “Hold” and an average price target of $17.25.

ARMOUR Residential REIT Company Profile

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.