ARMOUR Residential REIT (NYSE:ARR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

ARMOUR Residential REIT, Inc. (NYSE:ARR)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.43 and traded as high as $17.46. ARMOUR Residential REIT shares last traded at $17.14, with a volume of 5,075,958 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JonesTrading cut their price target on shares of 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. UBS Group restated a “neutral” rating and issued a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, June 17th. Finally, Zacks Research cut ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.50.

ARMOUR Residential REIT Stock Down 0.6%

The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 8.93 and a beta of 1.36. The company has a fifty day moving average price of $17.12 and a two-hundred day moving average price of $17.43.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $70.71 million for the quarter, compared to analysts’ expectations of $155.79 million. On average, equities analysts anticipate that ARMOUR Residential REIT, Inc. will post 2.82 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Wednesday, July 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 150.00%.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of 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 worth $30,000 after buying an additional 1,179 shares during the period. Signaturefd LLC increased its position in ARMOUR Residential REIT by 210.9% in the 4th quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,198 shares during the period. Quarry LP increased its position in ARMOUR Residential REIT by 620.6% in the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 1,570 shares during the period. Allworth Financial LP raised its stake 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 valued at $42,000 after acquiring an additional 685 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in ARMOUR Residential REIT during the 3rd quarter valued at approximately $42,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

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.