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

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.50.

A number of research analysts have recently commented on the company. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings cut ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th.

ARMOUR Residential REIT Price Performance

ARR stock opened at $16.34 on Friday. ARMOUR Residential REIT has a 1 year low of $13.98 and a 1 year high of $19.31. The firm has a 50-day moving average of $16.62 and a 200 day moving average of $16.99. The company has a market cap of $2.31 billion, a P/E ratio of 4.39 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, meeting the consensus estimate 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 analysts’ expectations of $111.98 million. On average, equities research analysts expect that ARMOUR Residential REIT will post 2.93 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 17.6%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 77.42%.

Institutional Trading of ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in ARMOUR Residential REIT by 50.3% during the first quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock worth $2,088,000 after acquiring an additional 40,860 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of ARMOUR Residential REIT by 26.1% during the first quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 2,980 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ARMOUR Residential REIT by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock valued at $13,800,000 after purchasing an additional 222,923 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of ARMOUR Residential REIT by 189.5% during the first quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock valued at $1,577,000 after purchasing an additional 60,371 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of ARMOUR Residential REIT in the 1st quarter worth approximately $181,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

About ARMOUR Residential REIT

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.