5 High Yield Monthly REIT Dividend Stocks to Buy

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1. ARMOUR Residential REIT, Inc. (NYSE: ARR)

Number of Hedge Fund Holders: 13
Dividend Yield: 10.9%

ARMOUR Residential REIT, Inc. (NYSE: ARR) is a REIT investing in residential mortgage-backed securities in the US. The company ranks 1st on our list of high yield monthly REIT stocks to buy and is based in Florida, US.

This July, B. Riley reiterated a Neutral rating and an $11.50 price target on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR).

In the second quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.21, missing estimates by $0.07. The company’s revenue was $16.7 million, beating the previous quarter’s $16.06 million revenue. ARMOUR Residential REIT, Inc. (NYSE: ARR) has gained 2.92% year to date and 11.89% in the past year.

By the end of the second quarter of 2021, 13 hedge funds out of the 873 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $32.3 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $22.2 million.

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