Armour Residential REIT Stock Rating Lowered by Sandler O’Neill (ARR)
Armour Residential REIT (NYSE:ARR) was downgraded by equities research analysts at Sandler O’Neill from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Compass Point upgraded shares of Armour Residential REIT (NYSE:ARR) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Armour Residential REIT (NYSE:ARR) in a research note to investors on Monday, August 19th. They now have a $5.00 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Armour Residential REIT (NYSE:ARR) from $5.50 to $5.00 in a research note to investors on Monday, August 19th. They now have an “equal weight” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.36.
Shares of Armour Residential REIT (NYSE:ARR) traded up 0.74% on Monday, hitting $4.07. The stock had a trading volume of 1,552,587 shares. Armour Residential REIT has a 52-week low of $3.74 and a 52-week high of $7.71. The stock has a 50-day moving average of $4.22 and a 200-day moving average of $5.31.
Armour Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.20 by $0.02. On average, analysts predict that Armour Residential REIT will post $0.70 earnings per share for the current fiscal year.
ARMOUR Residential REIT, Inc(NYSE:ARR) is an externally-managed Maryland corporation managed by ARMOUR Residential REIT, Inc The Company invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities (RMBS).
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