On Thursday, the equity specialists at StockNews.com issued a research note to investors and began covering shares of ARMOUR Residential REIT (NYSE: ARR). Regarding the real estate investment trust stock, the company recommended to its clients to “sell” the stock.
On the trading day before last Thursday, the opening price of the NYSE ARR was $5.02.
During the previous twelve months, the price of ARMOUR Residential REIT ranged from a low of $4.38 to a high of $8.61.
The company’s simple moving average price over the previous 50 days is $5.83, and its average price over the previous 200 days is $5.78.
The company’s current market value is $967.71 million, and its price-to-earnings ratio stands at 2.52, while its beta index stands at 1.21.
Separately, in a research note made public on Friday, January 6, 2019, Barclays announced a reduction in the price target they had set for ARMOUR Residential REIT shares, bringing it down from $6.00 to $5.00.
In the most recent few months, significant investors have been seen rebalancing their holdings within the company.
A 13.4% increase in the proportion of ARMOUR Residential REIT shares that BlackRock INC held at the end of the third quarter was one of the company’s accomplishments.
BlackRock INC now has 20,634,939 shares of the real estate investment trust’s stock after purchasing an additional 2,435,473 shares during the period in question.
These shares have a total value of $100,492,000 because they are currently valued at that amount.
During the third quarter of 2018, Vanguard Group INC increased the proportion of Armour Residential REIT that it owns by 10.1%. Vanguard Group INC has increased the number of shares it owns in the REIT from the beginning of the period to a total of 12,897,312, bringing the total value to $62,810,000.
At the end of the third quarter, Norges Bank had approximately 5,109,000 more shares of ARMOUR Residential REIT than at the beginning.
Invesco Ltd increased its holdings in ARMOUR Residential REIT by 18.5% during the first three months of the year.
Invesco Ltd now has 4,871,715 shares of the real estate investment trust’s stock, valued at $40,922,000, after purchasing an additional 762,209 shares during the period in question.
This brings the total number of shares owned by Invesco Ltd to 4,871,715; Last but certainly not least, during the fourth quarter of 2018, Geode Capital Management LLC increased the proportion of ARMOUR Residential REIT in which it was invested by 28.5%. Following the most recent purchase of an additional 574,395 shares, Geode Capital Management LLC now holds 2,591,546 shares of the real estate investment trust, with a combined value of $14,590,000.
The majority of the company’s shares, or 50.73 percent, are held in institutional investors’ portfolios.
Real estate investment trust Investments in residential mortgage-backed securities are made by ARMOUR Residential REIT, INC These residential mortgage-backed securities can have a variety of interest rate structures, including fixed rates, hybrid adjustable rates, and adjustable rates. Residential mortgage-backed securities can also be issued or guaranteed in the United States by a government-sponsored organization, such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, or the Government National Mortgage Association.
This option is available to investors in the United States.
These are some examples of organizations that receive financial support from the government.