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

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

A number of brokerages have weighed in on ARR. 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 report on Friday, April 24th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. JonesTrading decreased 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 report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Saturday, February 21st.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR opened at $17.21 on Friday. The firm has a market cap of $2.14 billion, a P/E ratio of 8.97 and a beta of 1.36. The firm’s 50 day moving average price is $17.14 and its 200 day moving average price is $17.44. 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 announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The company had revenue of $70.71 million for the quarter, compared to analyst estimates of $155.79 million. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. As a group, equities analysts predict that ARMOUR Residential REIT will post 2.82 EPS for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.24 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.7%. The ex-dividend date is Monday, June 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 150.00%.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds have recently made changes to their positions in ARR. Segall Bryant & Hamill LLC acquired a new position in shares of ARMOUR Residential REIT during the 1st quarter valued at $960,000. McIlrath & Eck LLC lifted its holdings in shares of ARMOUR Residential REIT by 161.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,931 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of ARMOUR Residential REIT by 41.5% during the 1st quarter. Bank of America Corp DE now owns 185,490 shares of the real estate investment trust’s stock valued at $3,094,000 after acquiring an additional 54,381 shares in the last quarter. Strait & Sound Wealth Management LLC acquired a new position in shares of ARMOUR Residential REIT during the 1st quarter valued at $1,224,000. Finally, California State Teachers Retirement System lifted its holdings in shares of ARMOUR Residential REIT by 37.2% during the 1st quarter. California State Teachers Retirement System now owns 147,955 shares of the real estate investment trust’s stock valued at $2,468,000 after acquiring an additional 40,134 shares in the last quarter. 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.