ARMOUR Residential REIT, Inc. (NYSE:ARR) Given Consensus Rating of “Hold” by Brokerages

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.50.

A number of brokerages recently commented on ARR. UBS Group reiterated a “neutral” rating and set a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Zacks Research cut ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Monday, June 22nd. JonesTrading lowered their price objective on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, June 17th.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 acquiring an additional 1,309 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in ARMOUR Residential REIT during the 1st quarter worth approximately $960,000. McIlrath & Eck LLC lifted its position in 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 worth $52,000 after acquiring an additional 1,931 shares during the period. Bank of America Corp DE grew its stake in shares of ARMOUR Residential REIT by 41.5% in 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 purchasing an additional 54,381 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC purchased a new position in shares of ARMOUR Residential REIT in the 1st quarter valued at approximately $1,224,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Down 2.9%

Shares of ARR opened at $16.62 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of 8.66 and a beta of 1.36. ARMOUR Residential REIT has a 12 month low of $13.98 and a 12 month high of $19.31. The stock’s 50 day moving average is $17.01 and its two-hundred day moving average is $17.41.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. The business 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 research analysts forecast that ARMOUR Residential REIT will post 2.82 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

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 paid a $0.24 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 17.3%. ARMOUR Residential REIT’s payout ratio is currently 150.00%.

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.