ARMOUR Residential REIT (NYSE:ARR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

ARMOUR Residential REIT, Inc. (NYSE:ARR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.12 and traded as high as $17.05. ARMOUR Residential REIT shares last traded at $17.0280, with a volume of 3,990,179 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ARR. Compass Point began coverage on ARMOUR Residential REIT in a research report on Monday. They issued a “buy” rating and a $18.50 target price on the stock. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $16.00 price target on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.25.

ARMOUR Residential REIT Stock Performance

The stock’s 50-day simple moving average is $16.56 and its two-hundred day simple moving average is $16.13. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 423.63 and a beta of 1.45.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $210.90 million during the quarter, compared to the consensus estimate of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 17.0%. The ex-dividend date of this dividend is Monday, December 15th. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of ARMOUR Residential REIT by 38.1% in the first quarter. LPL Financial LLC now owns 101,267 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 27,915 shares in the last quarter. Vanguard Group Inc. lifted its position in ARMOUR Residential REIT by 32.0% during the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock worth $136,513,000 after purchasing an additional 1,937,070 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in ARMOUR Residential REIT by 24.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 621,548 shares of the real estate investment trust’s stock valued at $10,628,000 after buying an additional 121,806 shares during the period. Swiss National Bank boosted its position in shares of ARMOUR Residential REIT by 13.4% during the 1st quarter. Swiss National Bank now owns 108,063 shares of the real estate investment trust’s stock worth $1,848,000 after acquiring an additional 12,800 shares in the last quarter. Finally, Invesco Ltd. raised its position in ARMOUR Residential REIT by 4.3% during the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust’s stock valued at $29,045,000 after purchasing an additional 69,618 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.