JMP Securities Reiterates "Market Perform" Rating for ARMOUR Residential REIT (NYSE:ARR)

ARMOUR Residential REIT (NYSE:ARR - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities research analysts at JMP Securities in a research note issued on Thursday, Benzinga reports.

Separately, StockNews.com cut ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, April 5th.

ARMOUR Residential REIT Stock Up 1.2 %

NYSE:ARR traded up $0.21 during trading hours on Thursday, reaching $17.72. 869,233 shares of the stock were exchanged, compared to its average volume of 1,167,367. The firm has a 50 day simple moving average of $19.06 and a 200-day simple moving average of $18.48. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $27.00. The stock has a market capitalization of $863.85 million, a P/E ratio of -9.28 and a beta of 1.48.

Institutional Trading of ARMOUR Residential REIT

Several large investors have recently added to or reduced their stakes in ARR. MAS Advisors LLC acquired a new stake in ARMOUR Residential REIT in the 1st quarter valued at approximately $331,000. PNC Financial Services Group Inc. increased its position in shares of ARMOUR Residential REIT by 66.4% during 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 purchasing an additional 1,901 shares during the period. MetLife Investment Management LLC increased its position in shares of ARMOUR Residential REIT by 42.0% during the 1st quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust's stock valued at $345,000 after purchasing an additional 12,162 shares during the period. Rhumbline Advisers increased its position in shares of ARMOUR Residential REIT by 1.3% during the 1st quarter. Rhumbline Advisers now owns 244,644 shares of the real estate investment trust's stock valued at $2,055,000 after purchasing an additional 3,134 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of ARMOUR Residential REIT by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,321 shares of the real estate investment trust's stock valued at $649,000 after purchasing an additional 9,534 shares during the period. 54.17% of the stock is currently owned by institutional investors and hedge funds.

About ARMOUR Residential REIT

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.