ARMOUR Residential REIT (NYSE:ARR) Downgraded by StockNews.com

ARMOUR Residential REIT (NYSE:ARR) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Separately, UBS Group assumed coverage on shares of ARMOUR Residential REIT in a research report on Wednesday, December 6th. They issued a “neutral” rating and a $18.50 price objective on the stock.

ARMOUR Residential REIT Stock Up 3.2 %

NYSE:ARR traded up $0.61 during trading hours on Wednesday, hitting $19.63. 1,184,884 shares of the company’s stock traded hands, compared to its average volume of 1,161,758. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $27.08. The business’s fifty day simple moving average is $19.19 and its two-hundred day simple moving average is $18.94. The firm has a market cap of $956.72 million, a P/E ratio of -10.27 and a beta of 1.48.

Insider Activity

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton sold 61,682 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $19.46, for a total value of $1,200,331.72. Following the transaction, the chairman now owns 10,500 shares in the company, valued at $204,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several hedge funds have recently bought and sold shares of ARR. Virtu Financial LLC purchased a new stake in ARMOUR Residential REIT in the fourth quarter worth approximately $431,000. Voya Investment Management LLC purchased a new stake in ARMOUR Residential REIT during the 4th quarter valued at $329,000. Nuveen Asset Management LLC bought a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $2,017,000. Clear Street Markets LLC purchased a new position in shares of ARMOUR Residential REIT during the fourth quarter worth approximately $58,000. Finally, Creative Planning raised its holdings in shares of ARMOUR Residential REIT by 7.8% in the 4th 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 in the last quarter. Institutional investors 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. 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.