Short Interest in ARMOUR Residential REIT, Inc. (NYSE:ARR) Declines By 18.6%

ARMOUR Residential REIT, Inc. (NYSE:ARR) was the target of a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 2,270,000 shares, a decline of 18.6% from the November 14th total of 2,790,000 shares. Based on an average trading volume of 590,400 shares, the days-to-cover ratio is presently 3.8 days. Approximately 3.9% of the shares of the company are short sold.

A number of hedge funds have recently made changes to their positions in ARR. Strs Ohio increased its position in ARMOUR Residential REIT by 16.9% during the second quarter. Strs Ohio now owns 15,900 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 2,300 shares during the period. Aperio Group LLC increased its holdings in ARMOUR Residential REIT by 15.6% in the 2nd quarter. Aperio Group LLC now owns 12,986 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 1,755 shares during the period. Advisory Services Network LLC bought a new stake in ARMOUR Residential REIT in the 2nd quarter valued at $48,000. Swiss National Bank increased its holdings in ARMOUR Residential REIT by 5.9% in the 2nd quarter. Swiss National Bank now owns 109,212 shares of the real estate investment trust’s stock valued at $2,036,000 after buying an additional 6,100 shares during the period. Finally, Van ECK Associates Corp increased its holdings in ARMOUR Residential REIT by 9.2% in the 2nd quarter. Van ECK Associates Corp now owns 265,222 shares of the real estate investment trust’s stock valued at $4,944,000 after buying an additional 22,451 shares during the period. 62.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of ARR stock opened at $17.59 on Thursday. ARMOUR Residential REIT has a 1 year low of $16.00 and a 1 year high of $22.08. The firm’s fifty day simple moving average is $17.05 and its 200 day simple moving average is $17.41. The firm has a market capitalization of $1.04 billion, a P/E ratio of 7.04 and a beta of 0.67.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. ARMOUR Residential REIT had a negative net margin of 173.23% and a positive return on equity of 10.63%. The business had revenue of ($50.63) million for the quarter. As a group, equities analysts anticipate that ARMOUR Residential REIT will post 2.26 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend is Friday, December 13th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 81.60%.

A number of brokerages recently issued reports on ARR. Zacks Investment Research raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. ValuEngine raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, LADENBURG THALM/SH SH raised shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. ARMOUR Residential REIT has an average rating of “Hold” and an average price target of $19.75.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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