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

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of analysts have issued reports on ARR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, UBS Group restated a “neutral” rating and issued a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On ARMOUR Residential REIT

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in ARMOUR Residential REIT by 620.6% in the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 1,570 shares in the last quarter. Fifth Third Bancorp increased its position in shares of ARMOUR Residential REIT by 184.3% during the second quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,425 shares during the period. Danske Bank A S acquired a new stake in ARMOUR Residential REIT during the third quarter worth $42,000. EverSource Wealth Advisors LLC lifted its holdings in shares of ARMOUR Residential REIT by 120.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,893 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,583 shares during the period. Finally, Allworth Financial LP boosted its position in shares of ARMOUR Residential REIT by 139.1% during the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,556 shares in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

Shares of ARR opened at $17.42 on Friday. The company has a market capitalization of $1.95 billion, a PE ratio of 435.50 and a beta of 1.45. ARMOUR Residential REIT has a one year low of $13.18 and a one year high of $19.64. The company’s fifty day moving average price is $16.25 and its 200 day moving average price is $16.08.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). The business had revenue of $210.90 million during the quarter, compared to analyst estimates of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same period in the prior year, the business posted $1.00 earnings per share. Analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 16.5%. ARMOUR Residential REIT’s payout ratio is presently 7,200.00%.

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.