ARMOUR Residential REIT (NYSE:ARR) Stock Rating Reaffirmed by JMP Securities

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

Separately, StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

ARMOUR Residential REIT Stock Up 2.6 %

NYSE ARR opened at $18.17 on Thursday. ARMOUR Residential REIT has a 12-month low of $13.31 and a 12-month high of $27.00. The company has a market capitalization of $885.79 million, a PE ratio of -9.51 and a beta of 1.48. The firm’s 50 day moving average is $19.05 and its 200-day moving average is $18.47.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at $431,000. Voya Investment Management LLC acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at $329,000. Nuveen Asset Management LLC acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at $2,017,000. Clear Street Markets LLC acquired a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at $58,000. Finally, Creative Planning increased its holdings in shares of ARMOUR Residential REIT by 7.8% in the fourth quarter. Creative Planning now owns 12,823 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 923 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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.