Short Interest to Follow: Armour Residential Reit Incorporated (NYSE:ARR) Reports Decline in Sellers; Strong Momentum for Longs

November 24, 2016 - By Linda Rogers   ·   0 Comments

Short Interest to Follow: Armour Residential Reit Incorporated (NYSE:ARR) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Armour Residential Reit Incorporated (NYSE:ARR) registered a decrease of 7.98% in short interest. ARR’s total short interest was 1.60M shares in November as published by FINRA. Its down 7.98% from 1.74 million shares, reported previously. With 290,100 shares average volume, it will take short sellers 6 days to cover their ARR’s short positions. The short interest to Armour Residential Reit Incorporated’s float is 4.42%. The stock decreased 1.29% or $0.29 on November 23, hitting $22.17. About 564,361 shares traded hands or 31.45% up from the average. ARMOUR Residential REIT, Inc. (NYSE:ARR) has risen 4.62% since April 22, 2016 and is uptrending. It has underperformed by 0.78% the S&P500.

ARMOUR Residential REIT, Inc. is an externally managed real estate investment trust (REIT). The company has a market cap of $817.57 million. The Firm invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities). It currently has negative earnings. It also may invest in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency (collectively, Non-Agency Securities).

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down Infinity, from Infinity in 2016Q1. The ratio dived, as 0 funds sold all ARMOUR Residential REIT, Inc. shares owned while 0 reduced positions. 0 funds bought stakes while 2 increased positions. They now own 616,370 shares or 75.17% more from 351,870 shares in 2016Q1.
Edge Wealth Mngmt Ltd accumulated 0.14% or 14,185 shares. Penn Mutual Life Ins accumulated 4.25% or 294,000 shares.

Insider Transactions: Since August 22, 2016, the stock had 2 insider purchases, and 0 insider sales for $331,480 net activity. Zimmer Jeffrey J bought $221,140 worth of stock or 10,000 shares. 5,000 shares with value of $110,340 were bought by ULM SCOTT on Monday, August 22.

ARMOUR Residential REIT, Inc. (NYSE:ARR) Ratings Coverage

Out of 5 analysts covering Armour Residential REIT Inc (NYSE:ARR), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Armour Residential REIT Inc has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the shares of ARR in a report on Thursday, August 4 with “Underweight” rating. The stock of ARMOUR Residential REIT, Inc. (NYSE:ARR) has “Equal Weight” rating given on Tuesday, November 10 by Barclays Capital. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 4 report. Zacks downgraded ARMOUR Residential REIT, Inc. (NYSE:ARR) on Tuesday, August 18 to “Buy” rating. Deutsche Bank maintained ARMOUR Residential REIT, Inc. (NYSE:ARR) rating on Monday, November 9. Deutsche Bank has “Hold” rating and $24.50 price target. The stock of ARMOUR Residential REIT, Inc. (NYSE:ARR) has “Equal-Weight” rating given on Tuesday, October 13 by Barclays Capital. The firm has “Reduce” rating by Nomura given on Wednesday, February 24. The stock of ARMOUR Residential REIT, Inc. (NYSE:ARR) has “Neutral” rating given on Wednesday, November 9 by Nomura. On Wednesday, May 4 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”.

ARR Company Profile

ARMOUR Residential REIT, Inc. (ARMOUR), incorporated on February 5, 2008, is an externally managed real estate investment trust (REIT). The Firm invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities). It also may invest in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency (collectively, Non-Agency Securities).

More notable recent ARMOUR Residential REIT, Inc. (NYSE:ARR) news were published by: Nasdaq.com which released: “ARMOUR Residential REIT, Inc. (ARR) Ex-Dividend Date Scheduled for November 10 …” on November 09, 2016, also Globenewswire.com with their article: “ARMOUR Residential REIT, Inc. Announces November 2016 Dividend Rate Per Common …” published on October 26, 2016, Globenewswire.com published: “ARMOUR Residential REIT, Inc. Announces Effectiveness of Reverse Stock Split” on July 31, 2015. More interesting news about ARMOUR Residential REIT, Inc. (NYSE:ARR) were released by: Globenewswire.com and their article: “ARMOUR Residential REIT, Inc. Reports Financial Results for the Quarter Ended …” published on November 02, 2016 as well as Nasdaq.com‘s news article titled: “Armour Residential Reit Inc (ARR) Co-CEO and President Jeffrey J Zimmer Bought …” with publication date: August 22, 2016.

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By Linda Rogers


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