ARMOUR Residential REIT (NYSE:ARR) Stock Rating Lowered by Zacks Research

ARMOUR Residential REIT (NYSE:ARR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

ARR has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, June 17th. UBS Group reiterated a “neutral” rating and issued a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Finally, JonesTrading cut their price target on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.50.

ARMOUR Residential REIT Price Performance

ARR opened at $16.79 on Monday. The business has a 50 day moving average price of $17.15 and a two-hundred day moving average price of $17.43. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 8.74 and a beta of 1.36. ARMOUR Residential REIT has a 1-year low of $13.98 and a 1-year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The company had revenue of $70.71 million for the quarter, compared to analysts’ expectations of $155.79 million. Equities analysts expect that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal year.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of institutional investors and hedge funds have recently modified their holdings of ARR. Price T Rowe Associates Inc. MD raised its holdings in shares of ARMOUR Residential REIT by 0.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 86,494 shares of the real estate investment trust’s stock valued at $1,531,000 after acquiring an additional 579 shares during the period. Allworth Financial LP boosted its stake in ARMOUR Residential REIT by 40.7% in the 4th quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 685 shares during the period. Ameritas Investment Partners Inc. boosted its stake in ARMOUR Residential REIT by 10.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,283 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 859 shares during the period. Stephens Inc. AR boosted its stake in ARMOUR Residential REIT by 5.0% in the 4th quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 915 shares during the period. Finally, ProShare Advisors LLC grew its position in ARMOUR Residential REIT by 4.7% during the 4th quarter. ProShare Advisors LLC now owns 21,946 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 988 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.