ARMOUR Residential REIT (NYSE:ARR) Price Target Cut to $8.00 by Analysts at Barclays

ARMOUR Residential REIT (NYSE:ARRGet Rating) had its price target dropped by research analysts at Barclays from $9.00 to $8.00 in a research note issued on Wednesday, The Fly reports. Barclays‘s price objective would suggest a potential upside of 10.96% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group reduced their target price on shares of ARMOUR Residential REIT from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 10th. Zacks Investment Research raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Tuesday. StockNews.com began coverage on ARMOUR Residential REIT in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, B. Riley lowered their price objective on ARMOUR Residential REIT from $11.00 to $9.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 22nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.83.

Shares of ARMOUR Residential REIT stock opened at $7.21 on Wednesday. The firm has a market capitalization of $692.51 million, a PE ratio of 55.47 and a beta of 0.97. The business’s 50-day moving average price is $8.23 and its 200-day moving average price is $9.36. ARMOUR Residential REIT has a 12 month low of $7.21 and a 12 month high of $12.56.

ARMOUR Residential REIT (NYSE:ARRGet Rating) last released its earnings results on Tuesday, February 15th. The real estate investment trust reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. ARMOUR Residential REIT had a return on equity of 7.78% and a net margin of 19.02%. On average, analysts expect that ARMOUR Residential REIT will post 1.05 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. raised its stake in shares of ARMOUR Residential REIT by 50.6% during the third quarter. Meeder Asset Management Inc. now owns 3,108 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,044 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of ARMOUR Residential REIT during the 3rd quarter valued at $83,000. Profund Advisors LLC acquired a new position in ARMOUR Residential REIT in the 4th quarter valued at $98,000. Guggenheim Capital LLC acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter worth approximately $110,000. Finally, CIBC Asset Management Inc acquired a new position in ARMOUR Residential REIT in the fourth quarter worth $111,000. 54.46% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Company Profile (Get Rating)

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

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