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 research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $18.50.

ARR has been the topic of several recent analyst reports. JonesTrading dropped their target price on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, June 17th. Finally, UBS Group reissued a “neutral” rating and issued a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th.

ARMOUR Residential REIT Stock Performance

ARR stock opened at $16.62 on Friday. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31. The company has a fifty day moving average of $17.01 and a 200-day moving average of $17.41. The stock has a market capitalization of $2.06 billion, a PE ratio of 8.66 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results 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. The firm had revenue of $70.71 million during the quarter, compared to analysts’ expectations of $155.79 million. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. Equities analysts forecast that ARMOUR Residential REIT will post 2.82 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Wednesday, July 15th will be issued a $0.24 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 17.3%. The ex-dividend date is Wednesday, July 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 150.00%.

Institutional Trading of ARMOUR Residential REIT

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in ARMOUR Residential REIT by 1.4% during the fourth quarter. State Street Corp now owns 3,920,206 shares of the real estate investment trust’s stock worth $69,348,000 after buying an additional 53,570 shares during the period. Marshall Wace LLP lifted its position in shares of ARMOUR Residential REIT by 365.7% during the 3rd quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock valued at $37,278,000 after acquiring an additional 1,959,447 shares during the period. Invesco Ltd. lifted its position in shares of ARMOUR Residential REIT by 22.3% during the 3rd quarter. Invesco Ltd. now owns 1,855,148 shares of the real estate investment trust’s stock valued at $27,716,000 after acquiring an additional 338,134 shares during the period. UBS Group AG boosted its stake in shares of ARMOUR Residential REIT by 4.1% during the 4th quarter. UBS Group AG now owns 1,154,875 shares of the real estate investment trust’s stock worth $20,430,000 after acquiring an additional 45,023 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of ARMOUR Residential REIT by 29.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,149,610 shares of the real estate investment trust’s stock worth $17,175,000 after acquiring an additional 261,315 shares in the last quarter. Hedge funds and other institutional investors 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.