ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives Consensus Rating of “Hold” from Analysts

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.3333.

Several brokerages have commented on ARR. Jones Trading raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price objective on the stock in a research report on Friday, January 16th. Compass Point assumed coverage on shares of ARMOUR Residential REIT in a research note on Monday, December 15th. They set a “buy” rating and a $18.50 target price for the company. UBS Group reaffirmed a “neutral” rating and issued a $16.00 price target on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday.

Insider Transactions at ARMOUR Residential REIT

In related news, Director Robert C. Hain sold 6,833 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $18.06, for a total value of $123,403.98. Following the transaction, the director owned 1,010 shares of the company’s stock, valued at $18,240.60. This represents a 87.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several hedge funds have recently made changes to their positions in ARR. Wolverine Asset Management LLC boosted its position in ARMOUR Residential REIT by 570.6% during 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 in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of ARMOUR Residential REIT during the third quarter valued at about $4,706,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ARMOUR Residential REIT in the 2nd quarter valued at about $350,000. Rhumbline Advisers boosted its holdings in shares of ARMOUR Residential REIT by 42.1% in the 2nd quarter. Rhumbline Advisers now owns 268,293 shares of the real estate investment trust’s stock valued at $4,510,000 after buying an additional 79,501 shares in the last quarter. Finally, LDR Capital Management LLC purchased a new position in shares of ARMOUR Residential REIT in the 3rd quarter worth approximately $888,000. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $18.36 on Friday. The company has a market cap of $2.05 billion, a P/E ratio of 458.88 and a beta of 1.44. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $19.31. The firm has a 50-day simple moving average of $17.60 and a two-hundred day simple moving average of $16.41.

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 analysts’ consensus estimates 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 business had revenue of $210.90 million for the quarter, compared to the consensus estimate of $63.25 million. During the same period in the prior year, the company posted $1.00 EPS. As a group, equities research analysts expect that ARMOUR Residential REIT will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be issued a $0.24 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.7%. ARMOUR Residential REIT’s payout ratio is presently 7,200.00%.

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.