ARMOUR Residential REIT, Inc. (NYSE:ARR) Stock Has Consensus Target Price of $16.56

ARMOUR Residential REIT, Inc. (NYSE:ARR) has earned an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.56.

A number of equities research analysts have recently commented on ARR shares. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen cut ARMOUR Residential REIT from a “sell” rating to a “strong sell” rating in a report on Saturday, October 24th. JonesTrading reduced their price objective on ARMOUR Residential REIT from $19.00 to $15.25 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. B. Riley Financial lowered their price objective on ARMOUR Residential REIT from $18.00 to $14.50 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Finally, Weiss Ratings cut ARMOUR Residential REIT from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd.

Insiders Place Their Bets

In related news, Chairman Daniel Staton sold 35,583 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $15.86, for a total value of $564,346.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of hedge funds have recently bought and sold shares of ARR. Oregon Public Employees Retirement Fund grew its stake in ARMOUR Residential REIT by 12.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 31,790 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 3,600 shares in the last quarter. GraniteShares Advisors LLC raised its stake in ARMOUR Residential REIT by 1.6% during the third quarter. GraniteShares Advisors LLC now owns 161,599 shares of the real estate investment trust’s stock valued at $2,235,000 after buying an additional 2,499 shares in the last quarter. ProShare Advisors LLC raised its stake in ARMOUR Residential REIT by 9.7% during the third quarter. ProShare Advisors LLC now owns 19,869 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 1,759 shares in the last quarter. Signaturefd LLC raised its stake in ARMOUR Residential REIT by 158.8% during the third quarter. Signaturefd LLC now owns 7,576 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 4,649 shares in the last quarter. Finally, Simplicity Wealth LLC raised its stake in ARMOUR Residential REIT by 29.7% during the third quarter. Simplicity Wealth LLC now owns 148,821 shares of the real estate investment trust’s stock valued at $2,058,000 after buying an additional 34,036 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $12.47 on Monday. The stock has a 50-day simple moving average of $14.43 and a two-hundred day simple moving average of $16.52. The firm has a market capitalization of $1.85 billion, a P/E ratio of 4.41 and a beta of 1.42. ARMOUR Residential REIT has a fifty-two week low of $12.27 and a fifty-two week high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.71 EPS for the quarter, meeting the consensus estimate of $0.71. The company had revenue of $121.70 million for the quarter, compared to analyst estimates of $119.84 million. ARMOUR Residential REIT had a negative net margin of 5.09% and a positive return on equity of 15.90%. As a group, analysts forecast that ARMOUR Residential REIT will post 2.88 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.88 dividend on an annualized basis and a yield of 23.1%. ARMOUR Residential REIT’s dividend payout ratio is presently -9,600.00%.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities. Its portfolio generally consists of securities issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by U.S. government agencies such as Ginnie Mae.

The company invests in a range of agency mortgage securities, including fixed-rate and adjustable-rate mortgage pass-through securities, collateralized mortgage obligations, specified pools and to-be-announced securities.