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

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.3333.

A number of research firms have commented on ARR. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Compass Point initiated coverage on shares of ARMOUR Residential REIT in a research report on Monday, December 15th. They issued a “buy” rating and a $18.50 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday. Jones Trading raised shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 target price on the stock in a research report on Friday, January 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $16.00 price target on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th.

ARMOUR Residential REIT Trading Down 0.5%

Shares of ARR stock opened at $18.36 on Friday. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $19.31. The business’s fifty day simple moving average is $17.60 and its 200-day simple moving average is $16.41. The company has a market cap of $2.05 billion, a PE ratio of 458.88 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.The business had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. During the same period in the previous year, the business earned $1.00 EPS. On average, equities analysts forecast that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 15.7%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 7,200.00%.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total transaction of $123,403.98. Following the sale, the director owned 1,010 shares in the company, valued at approximately $18,240.60. The trade was a 87.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of institutional investors and hedge funds have recently modified their holdings of the company. 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. GAMMA Investing LLC increased its stake in shares of ARMOUR Residential REIT by 217.5% in the fourth 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 period. Signaturefd LLC raised its holdings in shares of 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 worth $31,000 after purchasing an additional 1,198 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of ARMOUR Residential REIT by 184.3% during the second quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Danske Bank A S acquired a new position in ARMOUR Residential REIT during the third quarter valued at $42,000. Institutional investors and hedge funds own 54.17% of the company’s stock.

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.