Analysts Set ARMOUR Residential REIT, Inc. (NYSE:ARR) Price Target at $18.50

ARMOUR Residential REIT, Inc. (NYSE:ARR) has earned a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.50.

Several equities research analysts have recently commented on ARR shares. JonesTrading decreased their price objective on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. UBS Group reiterated 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. Weiss Ratings raised shares of ARMOUR Residential REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock opened at $16.36 on Wednesday. ARMOUR Residential REIT has a one year low of $13.98 and a one year high of $19.31. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 4.40 and a beta of 1.37. The business has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $17.12.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. ARMOUR Residential REIT had a return on equity of 15.10% and a net margin of 44.90%.The business had revenue of $113.29 million for the quarter, compared to the consensus estimate of $111.98 million. On average, sell-side analysts expect that ARMOUR Residential REIT will post 2.93 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 17.6%. The ex-dividend date is Monday, August 17th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 77.42%.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its stake in ARMOUR Residential REIT by 210.9% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,198 shares during the last quarter. Quarry LP raised its stake in shares of ARMOUR Residential REIT by 620.6% in the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,570 shares during the last quarter. Allworth Financial LP raised its stake in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 685 shares during the last quarter. Danske Bank A S purchased a new stake in shares of ARMOUR Residential REIT in the third quarter worth approximately $42,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of ARMOUR Residential REIT by 161.2% in the first quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,931 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.