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Analysts at Keefe, Bruyette & Woods upped their price objective on shares of ARMOUR Residential REIT (NYSE:ARR) from $4.25 to $4.50 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.14% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of ARMOUR Residential REIT in a research note on Friday. They now have a $4.40 price target on the stock, up previously from $4.20. Finally, 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 and five have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.73.

Shares of ARMOUR Residential REIT (NYSE:ARR) traded down 0.24% during mid-day trading on Friday, hitting $4.20. 6,313,194 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 $4.27 and a 200-day moving average of $4.24. The company’s market cap is $1.500 billion.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.03. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, analysts predict that ARMOUR Residential REIT will post $0.62 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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