ARMOUR Residential REIT (NYSE:ARR) Rating Increased to Buy at Jones Trading

Jones Trading upgraded shares of ARMOUR Residential REIT (NYSE:ARR) from a hold rating to a buy rating in a research note released on Friday,Benzinga reports. The brokerage currently has $20.50 price target on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the stock. Compass Point started coverage on shares of ARMOUR Residential REIT in a report on Monday, December 15th. They set a “buy” rating and a $18.50 target price for the company. Zacks Research cut shares of ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Finally, UBS Group restated a “neutral” rating and issued a $16.00 price target on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ARMOUR Residential REIT has an average rating of “Hold” and an average target price of $18.33.

ARMOUR Residential REIT Stock Performance

NYSE ARR opened at $19.14 on Friday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 478.38 and a beta of 1.44. The stock has a 50-day simple moving average of $17.42 and a two-hundred day simple moving average of $16.35. ARMOUR Residential REIT has a fifty-two week low of $13.18 and a fifty-two week high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last posted 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). The company had revenue of $210.90 million for the quarter, compared to analyst estimates 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 last year, the business earned $1.00 earnings per share. As a group, analysts forecast that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared 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 dividend yield of 15.1%. The ex-dividend date is Thursday, January 15th. ARMOUR Residential REIT’s dividend payout ratio is 7,200.00%.

Insider Transactions at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total transaction of $123,403.98. Following the completion of the sale, the director directly owned 1,010 shares in the company, valued at approximately $18,240.60. The trade was a 87.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of ARMOUR Residential REIT

A number of institutional investors have recently made changes to their positions in ARR. Wolverine Asset Management LLC grew its holdings in shares of ARMOUR Residential REIT by 570.6% in the third quarter. Wolverine Asset Management LLC now owns 848,724 shares of the real estate investment trust’s stock valued at $12,680,000 after purchasing an additional 722,160 shares during the period. ORG Wealth Partners LLC acquired a new position in ARMOUR Residential REIT in the 3rd quarter valued at about $4,706,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ARMOUR Residential REIT in the 2nd quarter valued at approximately $350,000. Rhumbline Advisers increased its holdings in shares of ARMOUR Residential REIT by 42.1% during the 2nd quarter. Rhumbline Advisers now owns 268,293 shares of the real estate investment trust’s stock worth $4,510,000 after buying an additional 79,501 shares during the last quarter. Finally, Inceptionr LLC raised its position in shares of ARMOUR Residential REIT by 121.9% during the 2nd quarter. Inceptionr LLC now owns 30,288 shares of the real estate investment trust’s stock valued at $509,000 after buying an additional 16,638 shares during the period. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Company Profile

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.