ARMOUR Residential REIT (NYSE:ARR) Sets New 52-Week Low - Time to Sell?

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $13.18 and last traded at $15.05, with a volume of 6211381 shares. The stock had previously closed at $14.36.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARR shares. BTIG Research initiated coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a "neutral" rating on the stock. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, B. Riley raised shares of ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.50.

ARMOUR Residential REIT Stock Up 0.6 %

The stock has a 50-day moving average of $17.81 and a 200 day moving average of $18.61. The stock has a market cap of $1.14 billion, a PE ratio of -33.18 and a beta of 1.23.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 20.18%. The ex-dividend date is Tuesday, April 15th. ARMOUR Residential REIT's payout ratio is presently -669.77%.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARR. Private Trust Co. NA purchased a new position in shares of ARMOUR Residential REIT during the 4th quarter worth $28,000. Sterling Capital Management LLC boosted its stake in ARMOUR Residential REIT by 927.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,596 shares during the period. Russell Investments Group Ltd. increased its position in shares of ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 702 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of ARMOUR Residential REIT in the 3rd quarter valued at approximately $61,000. Finally, KBC Group NV grew its stake in shares of ARMOUR Residential REIT by 117.8% in the fourth quarter. KBC Group NV now owns 3,465 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 1,874 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.