ARMOUR Residential REIT (NYSE:ARR – Free Report) had its target price cut by B. Riley Financial from $18.00 to $14.50 in a research report report published on Friday morning, Marketbeat reports. They currently have a neutral rating on the real estate investment trust’s stock.
A number of other analysts have also recently commented on the stock. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. JonesTrading reduced their target price on shares of ARMOUR Residential REIT from $19.00 to $15.25 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.56.
Check Out Our Latest Report on ARR
ARMOUR Residential REIT Trading Down 0.0%
Shares of ARMOUR Residential REIT stock opened at $12.88 on Friday. The company’s fifty day simple moving average is $14.80 and its two-hundred day simple moving average is $16.23. The company has a market cap of $1.91 billion, a P/E ratio of -429.17 and a beta of 1.42. ARMOUR Residential REIT has a 12-month low of $12.27 and a 12-month high of $19.31.
ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The company had revenue of $121.70 million for the quarter, compared to analysts’ expectations of $119.84 million. ARMOUR Residential REIT had a positive return on equity of 15.90% and a negative net margin of 5.09%. Analysts predict that ARMOUR Residential REIT will post 2.91 EPS for the current fiscal year.
ARMOUR Residential REIT Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a dividend yield of 22.4%. The ex-dividend date is Monday, November 16th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -9,600.00%.
Insider Activity at ARMOUR Residential REIT
In other news, Chairman Daniel Staton sold 35,583 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $15.86, for a total value of $564,346.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.
Institutional Trading of ARMOUR Residential REIT
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in ARMOUR Residential REIT by 15.0% during the 2nd quarter. State Street Corp now owns 4,745,078 shares of the real estate investment trust’s stock valued at $82,802,000 after buying an additional 619,020 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in ARMOUR Residential REIT during the second quarter valued at $13,757,000. First Trust Advisors LP boosted its holdings in ARMOUR Residential REIT by 234.6% in the first quarter. First Trust Advisors LP now owns 664,247 shares of the real estate investment trust’s stock worth $11,080,000 after acquiring an additional 465,733 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in ARMOUR Residential REIT by 2.0% in the first quarter. Principal Financial Group Inc. now owns 543,935 shares of the real estate investment trust’s stock worth $9,073,000 after acquiring an additional 10,592 shares in the last quarter. Finally, Ascentis Wealth Management LLC boosted its holdings in ARMOUR Residential REIT by 11.3% in the second quarter. Ascentis Wealth Management LLC now owns 395,000 shares of the real estate investment trust’s stock worth $6,892,750 after acquiring an additional 40,000 shares in the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.
ARMOUR Residential REIT News Roundup
Here are the key news stories impacting ARMOUR Residential REIT this week:
- Positive Sentiment: ARMOUR declared a $0.24 per-share November dividend on its common stock, maintaining an attractive income component for investors. ARMOUR Residential REIT Announces $0.24 November 2026 Dividend on Common Shares
- Positive Sentiment: JonesTrading retained a Buy rating, although it reduced its price target from $19.00 to $15.25. The revised target still implies meaningful upside from recent trading levels, signaling that the firm views the selloff as potentially excessive. JonesTrading stock recommendations
- Neutral Sentiment: A separate report raised the price target for ARMOUR’s preferred stock by 21.05% to $27.74. This may improve sentiment toward the company’s preferred securities, but it has limited direct impact on ARR common shares. ARMOUR preferred stock price target increased
- Negative Sentiment: B. Riley lowered its common-stock price target from $18.00 to $14.50 and shifted to a Neutral rating. Although the new target implies upside, the reduction reflects more cautious expectations. B. Riley stock recommendations
- Negative Sentiment: ARR’s third-quarter earnings were reported at $0.71 per share, below the Zacks consensus estimate of $0.73 and down from $0.72 a year earlier. The miss may pressure the stock despite revenue exceeding expectations. ARMOUR Residential REIT Q3 earnings
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities. Its portfolio generally consists of securities issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by U.S. government agencies such as Ginnie Mae.
The company invests in a range of agency mortgage securities, including fixed-rate and adjustable-rate mortgage pass-through securities, collateralized mortgage obligations, specified pools and to-be-announced securities.
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