ARMOUR Residential REIT (NYSE:ARR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.12 and traded as high as $17.05. ARMOUR Residential REIT shares last traded at $17.0280, with a volume of 3,990,179 shares trading hands.

Analyst Ratings Changes

Several brokerages have weighed in on ARR. UBS Group reaffirmed a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Compass Point assumed coverage on ARMOUR Residential REIT in a research report on Monday. They issued a “buy” rating and a $18.50 price objective for the company. Finally, Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.25.

ARMOUR Residential REIT Stock Up 0.7%

The business’s fifty day moving average is $16.52 and its two-hundred day moving average is $16.12. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 425.70 and a beta of 1.44.

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

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a yield of 16.9%. ARMOUR Residential REIT’s dividend payout ratio is presently 7,200.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of ARMOUR Residential REIT by 38.1% in the 1st quarter. LPL Financial LLC now owns 101,267 shares of the real estate investment trust’s stock valued at $1,732,000 after buying an additional 27,915 shares during the period. PNC Financial Services Group Inc. lifted its holdings in ARMOUR Residential REIT by 80.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,881 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 5,304 shares in the last quarter. Vanguard Group Inc. grew its stake in ARMOUR Residential REIT by 32.0% in the first quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust’s stock valued at $136,513,000 after acquiring an additional 1,937,070 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of ARMOUR Residential REIT by 24.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 621,548 shares of the real estate investment trust’s stock worth $10,628,000 after acquiring an additional 121,806 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of ARMOUR Residential REIT by 13.4% in the first quarter. Swiss National Bank now owns 108,063 shares of the real estate investment trust’s stock worth $1,848,000 after acquiring an additional 12,800 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

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.