Brokerages Set ARMOUR Residential REIT, Inc. (NYSE:ARR) PT at $21.00

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have received an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.00.

Several analysts have weighed in on the company. Jones Trading reissued a “hold” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Janney Montgomery Scott raised ARMOUR Residential REIT from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th.

Institutional Trading of ARMOUR Residential REIT

A number of large investors have recently made changes to their positions in the stock. Private Trust Co. NA purchased a new position in ARMOUR Residential REIT during the fourth quarter worth about $28,000. Sterling Capital Management LLC lifted its position in ARMOUR Residential REIT by 927.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,596 shares during the period. Russell Investments Group Ltd. lifted its position in ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 702 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in ARMOUR Residential REIT during the fourth quarter worth about $75,000. Finally, Summit Investment Advisors Inc. lifted its position in ARMOUR Residential REIT by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 777 shares during the period. Institutional investors and hedge funds own 54.17% of the company’s stock.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $16.76 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -38.97 and a beta of 1.37. ARMOUR Residential REIT has a fifty-two week low of $13.18 and a fifty-two week high of $21.93. The stock’s fifty day moving average is $15.92 and its two-hundred day moving average is $17.63.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $75.29 million for the quarter, compared to analyst estimates of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. As a group, sell-side analysts forecast that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be paid a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.18%. The ex-dividend date of this dividend is Monday, June 16th. ARMOUR Residential REIT’s payout ratio is currently -822.86%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.