Short Interest in ARMOUR Residential REIT, Inc. (NYSE:ARR) Drops By 15.4%

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Rating) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 9,030,000 shares, a decrease of 15.4% from the May 15th total of 10,680,000 shares. Based on an average daily trading volume, of 2,610,000 shares, the short-interest ratio is presently 3.5 days.

A number of analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of ARMOUR Residential REIT in a report on Thursday, March 31st. They set a “sell” rating on the stock. B. Riley lowered their price target on shares of ARMOUR Residential REIT from $11.00 to $9.50 and set a “neutral” rating on the stock in a report on Tuesday, February 22nd. Credit Suisse Group lowered their price target on shares of ARMOUR Residential REIT from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 10th. Finally, Barclays decreased their price objective on shares of ARMOUR Residential REIT from $8.00 to $6.00 in a report on Friday, May 27th.

A number of institutional investors have recently added to or reduced their stakes in ARR. Mirae Asset Global Investments Co. Ltd. increased its position in ARMOUR Residential REIT by 105.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,123,501 shares of the real estate investment trust’s stock worth $34,637,000 after purchasing an additional 2,118,368 shares during the last quarter. BlackRock Inc. increased its position in ARMOUR Residential REIT by 8.2% during the fourth quarter. BlackRock Inc. now owns 15,884,701 shares of the real estate investment trust’s stock worth $155,827,000 after purchasing an additional 1,209,697 shares during the last quarter. Vanguard Group Inc. increased its position in shares of ARMOUR Residential REIT by 9.6% during the first quarter. Vanguard Group Inc. now owns 10,403,354 shares of the real estate investment trust’s stock valued at $87,388,000 after acquiring an additional 911,850 shares during the last quarter. Morgan Stanley increased its position in shares of ARMOUR Residential REIT by 404.3% during the second quarter. Morgan Stanley now owns 1,131,926 shares of the real estate investment trust’s stock valued at $12,926,000 after acquiring an additional 907,467 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of ARMOUR Residential REIT by 27.9% during the third quarter. Invesco Ltd. now owns 3,603,419 shares of the real estate investment trust’s stock valued at $38,845,000 after acquiring an additional 785,275 shares during the last quarter. Hedge funds and other institutional investors own 51.92% of the company’s stock.

ARR traded up $0.19 during midday trading on Friday, hitting $5.93. 207,368 shares of the company traded hands, compared to its average volume of 3,139,811. ARMOUR Residential REIT has a 52-week low of $5.73 and a 52-week high of $11.65. The business has a 50 day simple moving average of $7.49 and a two-hundred day simple moving average of $8.56.

ARMOUR Residential REIT (NYSE:ARRGet Rating) last issued its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. ARMOUR Residential REIT had a negative net margin of 128.09% and a positive return on equity of 8.60%. On average, research analysts forecast that ARMOUR Residential REIT will post 1.08 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 29th. Investors of record on Wednesday, June 15th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 20.24%. The ex-dividend date is Tuesday, June 14th. ARMOUR Residential REIT’s payout ratio is currently -74.07%.

ARMOUR Residential REIT Company Profile (Get Rating)

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

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