ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $18.50 Average Price Target from Analysts

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.50.

A number of research analysts have recently commented on ARR shares. 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. Weiss Ratings restated a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, June 17th. JonesTrading lowered their target price on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Zacks Research downgraded ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd.

ARMOUR Residential REIT Price Performance

ARR stock opened at $16.36 on Friday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 8.52 and a beta of 1.36. The company has a 50 day simple moving average of $16.94 and a 200 day simple moving average of $17.38. ARMOUR Residential REIT has a 1 year low of $13.98 and a 1 year high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $113.29 million for the quarter, compared to analyst estimates of $111.98 million. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. On average, equities research analysts anticipate that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 17.6%. ARMOUR Residential REIT’s dividend payout ratio is currently 150.00%.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several hedge funds have recently added to or reduced their stakes in ARR. GAMMA Investing LLC grew its holdings 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 acquiring an additional 1,179 shares during the last quarter. Signaturefd LLC grew its stake in shares of ARMOUR Residential REIT by 210.9% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,198 shares during the last quarter. Quarry LP grew its stake in shares of ARMOUR Residential REIT by 620.6% in the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,570 shares during the last quarter. Allworth Financial LP increased its holdings in ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 685 shares during the period. Finally, Danske Bank A S acquired a new stake in ARMOUR Residential REIT in the third quarter valued at $42,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Company Profile

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.