Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.96.

A number of research analysts have recently weighed in on ARR shares. BidaskClub downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. TheStreet raised ARMOUR Residential REIT from a “d” rating to a “c” rating in a research note on Wednesday, May 24th. Finally, ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.

Shares of ARMOUR Residential REIT (ARR) traded down 2.217% during midday trading on Tuesday, hitting $24.915. The stock had a trading volume of 228,228 shares. The stock has a 50 day moving average price of $26.06 and a 200-day moving average price of $23.35. ARMOUR Residential REIT has a 52 week low of $20.21 and a 52 week high of $27.60. The stock has a market capitalization of $915.18 million, a price-to-earnings ratio of 3.374 and a beta of 0.78.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $61.42 million for the quarter, compared to the consensus estimate of $34.92 million. ARMOUR Residential REIT had a return on equity of 9.69% and a net margin of 108.49%. During the same quarter in the prior year, the business posted $0.72 EPS. Equities research analysts anticipate that ARMOUR Residential REIT will post $2.56 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 27th. Investors of record on Monday, July 17th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 8.95%. The ex-dividend date of this dividend is Thursday, July 13th. ARMOUR Residential REIT’s payout ratio is presently 30.94%.

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In other ARMOUR Residential REIT news, COO Mark Gruber acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $25.05 per share, with a total value of $50,100.00. Following the purchase, the chief operating officer now owns 13,277 shares of the company’s stock, valued at approximately $332,588.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of ARR. Meeder Asset Management Inc. acquired a new stake in shares of ARMOUR Residential REIT during the second quarter valued at approximately $298,000. Bank of Montreal Can acquired a new stake in shares of ARMOUR Residential REIT during the second quarter valued at approximately $1,500,000. Fox Run Management L.L.C. purchased a new stake in ARMOUR Residential REIT during the second quarter valued at about $480,000. Ranger Global Real Estate Advisors LLC purchased a new stake in ARMOUR Residential REIT during the first quarter valued at about $1,438,000. Finally, Bank of America Corp DE increased its stake in ARMOUR Residential REIT by 165.2% in the first quarter. Bank of America Corp DE now owns 50,963 shares of the real estate investment trust’s stock valued at $1,157,000 after buying an additional 31,745 shares in the last quarter. 41.57% of the stock is currently owned by institutional investors and hedge funds.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Analyst Recommendations for ARMOUR Residential REIT (NYSE:ARR)

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