ARMOUR Residential REIT (ARR) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS
ARMOUR Residential REIT (NYSE:ARR) announced its earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.03, StockRatingsNetwork.com reports. During the same quarter last year, the company posted $0.18 earnings per share.
Shares of ARMOUR Residential REIT (NYSE:ARR) traded down 0.71% on Thursday, hitting $4.21. 3,621,352 shares of the company’s stock traded hands. ARMOUR Residential REIT has a 52-week low of $3.64 and a 52-week high of $4.53. The stock has a 50-day moving average of $4.28 and a 200-day moving average of $4.23. The company’s market cap is $1.503 billion.
A number of analysts have recently weighed in on ARR shares. Analysts at Deutsche Bank initiated coverage on shares of ARMOUR Residential REIT in a research note on Tuesday, May 6th. They set a “buy” rating and a $4.30 price target on the stock. Analysts at Barclays cut their price target on shares of ARMOUR Residential REIT from $5.00 to $4.50 in a research note on Tuesday, May 6th. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.80.
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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