Brokerages Set ARMOUR Residential REIT, Inc. (NYSE:ARR) Price Target at $16.00

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.00.

A number of research analysts have recently commented on the company. Jones Trading reaffirmed a “hold” rating on shares of ARMOUR Residential REIT in a research note 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. Finally, UBS Group reaffirmed a “neutral” rating and set a $16.00 target price (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in ARMOUR Residential REIT by 927.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,596 shares in the last quarter. Fifth Third Bancorp grew its stake in ARMOUR Residential REIT by 184.3% in the second quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares in the last quarter. Russell Investments Group Ltd. grew its stake in ARMOUR Residential REIT by 35.2% in the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 702 shares in the last quarter. Spire Wealth Management grew its stake in ARMOUR Residential REIT by 311.2% in the second quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in ARMOUR Residential REIT in the second quarter worth approximately $66,000. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $16.81 on Friday. The business’s 50 day moving average is $16.59 and its two-hundred day moving average is $17.07. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $21.08. The stock has a market capitalization of $1.54 billion, a P/E ratio of -70.02 and a beta of 1.38.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. The company had revenue of $84.19 million for the quarter, compared to the consensus estimate of $52.77 million. As a group, equities research analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 1,720.0%. ARMOUR Residential REIT’s dividend payout ratio is -1,200.00%.

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.