ARMOUR Residential REIT, Inc. (NYSE:ARR) Given Consensus Rating of “Hold” by Analysts

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have earned an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.50.

Several research analysts recently commented on the company. Wall Street Zen cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. JonesTrading cut their price target on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, March 20th. UBS Group reiterated a “neutral” rating and issued a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a research note on Friday, April 24th. Finally, Weiss Ratings cut ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARR. GAMMA Investing LLC raised its stake in ARMOUR Residential REIT by 217.5% during the fourth quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,179 shares in the last quarter. Signaturefd LLC raised its stake in ARMOUR Residential REIT by 210.9% during the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,198 shares in the last quarter. Quarry LP raised its stake in ARMOUR Residential REIT by 620.6% during the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,570 shares in the last quarter. Allworth Financial LP raised its stake in ARMOUR Residential REIT by 40.7% during the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 685 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in ARMOUR Residential REIT during the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $17.13 on Friday. ARMOUR Residential REIT has a 1-year low of $13.98 and a 1-year high of $19.31. The business has a 50-day moving average of $17.04 and a 200-day moving average of $17.42. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 8.92 and a beta of 1.39.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The company had revenue of $70.71 million during the quarter, compared to the consensus estimate of $155.79 million. Research analysts expect that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, May 28th. Investors of record on Friday, May 15th were paid a $0.24 dividend. The ex-dividend date was Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 16.8%. ARMOUR Residential REIT’s payout ratio is 150.00%.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.