ARMOUR Residential REIT (NYSE:ARR) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.25 and traded as high as $18.33. ARMOUR Residential REIT shares last traded at $18.1250, with a volume of 4,110,677 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $16.00 price target on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Compass Point initiated coverage on ARMOUR Residential REIT in a research report on Monday, December 15th. They set a “buy” rating and a $18.50 price target on the stock. Finally, Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of “Hold” and a consensus price target of $17.25.

ARMOUR Residential REIT Stock Performance

The firm’s 50 day moving average is $17.11 and its 200 day moving average is $16.25. The stock has a market cap of $2.03 billion, a P/E ratio of 453.13 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last released 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 firm had revenue of $210.90 million during the quarter, compared to analysts’ expectations of $63.25 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.During the same period in the prior year, the firm posted $1.00 earnings per share. As a group, analysts expect that ARMOUR Residential REIT, Inc. will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 15.9%. The ex-dividend date of this dividend is Thursday, January 15th. ARMOUR Residential REIT’s dividend payout ratio is currently 7,200.00%.

Institutional Investors Weigh In On ARMOUR Residential REIT

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of ARMOUR Residential REIT by 620.6% during the third 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. GAMMA Investing LLC grew its position in ARMOUR Residential REIT by 217.5% during the 4th quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,179 shares during the last quarter. Fifth Third Bancorp increased its stake in ARMOUR Residential REIT by 184.3% during the 2nd 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 in the last quarter. Danske Bank A S purchased a new position in shares of ARMOUR Residential REIT in the third quarter worth $42,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of ARMOUR Residential REIT by 120.8% in the third quarter. EverSource Wealth Advisors LLC now owns 2,893 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 1,583 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.