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

ARMOUR Residential REIT, Inc. (NYSE:ARR) has received a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $18.50.

ARR has been the topic of several research reports. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. UBS Group reaffirmed a “neutral” rating and set a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, June 17th. Finally, JonesTrading decreased their price objective on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd.

Hedge Funds Weigh In On ARMOUR Residential REIT

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in ARMOUR Residential REIT by 217.5% during the 4th quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,179 shares during the last quarter. Signaturefd LLC raised its position in ARMOUR Residential REIT by 210.9% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,198 shares during the last quarter. Quarry LP raised its position in ARMOUR Residential REIT by 620.6% during the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,570 shares during the last quarter. Allworth Financial LP raised its position in ARMOUR Residential REIT by 40.7% during the 4th quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 685 shares during the last quarter. Finally, Danske Bank A S acquired a new position in ARMOUR Residential REIT during the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Down 1.3%

ARR opened at $16.55 on Tuesday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 8.62 and a beta of 1.36. ARMOUR Residential REIT has a 52 week low of $13.98 and a 52 week high of $19.31. The business’s 50 day moving average is $17.17 and its two-hundred day moving average is $17.43.

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

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 17.4%. ARMOUR Residential REIT’s dividend payout ratio is presently 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.