Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) have been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.56.
A number of research analysts recently issued reports on ARR shares. B. Riley Financial dropped their price objective on shares of ARMOUR Residential REIT from $18.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, October 23rd. JonesTrading cut their target price on ARMOUR Residential REIT from $19.00 to $15.25 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Wall Street Zen downgraded ARMOUR Residential REIT from a “sell” rating to a “strong sell” rating in a report on Saturday, October 24th. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut ARMOUR Residential REIT from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd.
Read Our Latest Stock Analysis on ARR
Insider Transactions at ARMOUR Residential REIT
In other ARMOUR Residential REIT news, Chairman Daniel Staton sold 35,583 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $15.86, for a total value of $564,346.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On ARMOUR Residential REIT
Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of ARMOUR Residential REIT by 576.2% during the 2nd quarter. IFP Advisors Inc now owns 1,420 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,210 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of ARMOUR Residential REIT by 161.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,931 shares during the period. GAMMA Investing LLC increased its position in ARMOUR Residential REIT by 61.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,454 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,309 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in ARMOUR Residential REIT during the 2nd quarter worth approximately $100,000. Finally, NewEdge Advisors LLC raised its stake in ARMOUR Residential REIT by 34,376.5% during the 2nd quarter. NewEdge Advisors LLC now owns 5,861 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 5,844 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.
ARMOUR Residential REIT Stock Up 0.2%
Shares of ARMOUR Residential REIT stock opened at $12.47 on Monday. ARMOUR Residential REIT has a 12-month low of $12.27 and a 12-month high of $19.31. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -415.67 and a beta of 1.47. The firm’s 50-day moving average price is $14.43 and its two-hundred day moving average price is $16.52.
ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last released its 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 firm had revenue of $121.70 million during 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%. On average, sell-side analysts expect that ARMOUR Residential REIT will post 2.88 earnings per share for the current year.
ARMOUR Residential REIT Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be given a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 23.1%. The ex-dividend date is Monday, November 16th. ARMOUR Residential REIT’s payout ratio is presently -9,600.00%.
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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