ARMOUR Residential REIT Given “Hold” Rating at Deutsche Bank (ARR)
ARMOUR Residential REIT (NYSE:ARR)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Friday. They currently have a $4.40 price target on the stock, up from their previous price target of $4.20. Deutsche Bank’s target price suggests a potential upside of 4.51% from the stock’s previous close.
The analysts wrote, “Increasing target by 20c to $4.40 per share; Maintain Hold. ARR reported mixed 2Q results, as adjusted core EPS of 13c were 3c below our estimate while BVPS increased 5% to $4.90. During 2Q, ARR completed repositioning its portfolio into shorter duration MBS by selling $1.2b of 30-year fixed rate securities. Given the portfolio at 6/30 and a decrease to our leverage and spread assumptions, we are trimming our 2H14 and 2015 core EPS estimates. We are increasing our target by 20c to $4.40 per share given the BV increase. Maintain Hold.”
Separately, 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 equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. ARMOUR Residential REIT presently has a consensus rating of “Hold” and an average target price of $4.82.
ARMOUR Residential REIT (NYSE:ARR) traded up 0.24% on Friday, hitting $4.22. The stock had a trading volume of 1,325,890 shares. ARMOUR Residential REIT has a 1-year low of $3.64 and a 1-year 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 $1.507 billion.
ARMOUR Residential REIT (NYSE:ARR) last released its earnings data on Thursday, July 31st. The company reported $0.13 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.03. During the same quarter last year, the company posted $0.18 earnings per share. Analysts expect that ARMOUR Residential REIT will post $0.62 EPS 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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