ARMOUR Residential REIT (NYSE:ARR) Research Coverage Started at Compass Point

Compass Point assumed coverage on shares of ARMOUR Residential REIT (NYSE:ARR) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $18.50 price target on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on ARR. UBS Group reissued a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.25.

ARMOUR Residential REIT Stock Up 0.4%

NYSE:ARR opened at $16.95 on Monday. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $19.33. The stock has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $16.13. The company has a market capitalization of $1.90 billion, a PE ratio of 423.63 and a beta of 1.45.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the company posted $1.00 earnings per share. As a group, equities analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The company 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. This represents a c) annualized dividend and a yield of 17.0%. The ex-dividend date of this dividend is Monday, December 15th. ARMOUR Residential REIT’s payout ratio is presently 7,200.00%.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several hedge funds have recently made changes to their positions in ARR. LPL Financial LLC lifted its position in ARMOUR Residential REIT by 38.1% during the first quarter. LPL Financial LLC now owns 101,267 shares of the real estate investment trust’s stock worth $1,732,000 after buying an additional 27,915 shares during the period. Vanguard Group Inc. increased its stake in shares of ARMOUR Residential REIT by 32.0% during the 1st 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 last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of ARMOUR Residential REIT by 24.4% during the 1st 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 during the period. Swiss National Bank boosted its position 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 during the last quarter. Finally, Invesco Ltd. grew its holdings in ARMOUR Residential REIT by 4.3% in the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust’s stock valued at $29,045,000 after purchasing an additional 69,618 shares during the period. Institutional investors and hedge funds 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.