ARMOUR Residential REIT, Inc. (NYSE:ARR) has received an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.67.
ARR has been the topic of several analyst reports. LADENBURG THALM/SH SH upgraded shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, October 24th. Zacks Investment Research upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, ValuEngine upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $36,000. Tower Research Capital LLC TRC acquired a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $62,000. Bank of Montreal Can acquired a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $114,000. Sheaff Brock Investment Advisors LLC boosted its position in ARMOUR Residential REIT by 13.7% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 11,624 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,401 shares in the last quarter. Finally, Greenwich Wealth Management LLC acquired a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $311,000. Hedge funds and other institutional investors own 62.71% of the company’s stock.
Shares of NYSE ARR traded down $0.02 during trading hours on Tuesday, hitting $18.88. 1,002,952 shares of the stock were exchanged, compared to its average volume of 742,038. The company has a market cap of $1.11 billion, a PE ratio of 7.55 and a beta of 0.68. The company’s fifty day simple moving average is $17.79 and its two-hundred day simple moving average is $17.39. ARMOUR Residential REIT has a 1-year low of $16.00 and a 1-year high of $21.46.
ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The business had revenue of ($50.63) million for the quarter. ARMOUR Residential REIT had a negative net margin of 173.23% and a positive return on equity of 10.63%. Equities analysts anticipate that ARMOUR Residential REIT will post 2.26 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Wednesday, January 15th will be given a $0.17 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $2.04 dividend on an annualized basis and a yield of 10.81%. ARMOUR Residential REIT’s dividend payout ratio is currently 81.60%.
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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