ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $16.00 Consensus Target Price from Analysts

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been given an average rating of “Hold” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.00.

Several equities research analysts have weighed in on ARR shares. UBS Group restated a “neutral” rating and set a $16.00 price target on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $15.79 on Thursday. The stock’s 50-day moving average is $15.21 and its two-hundred day moving average is $15.82. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $19.77. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -65.77 and a beta of 1.41.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.The company had revenue of $84.19 million for the quarter, compared to analysts’ expectations of $52.77 million. Equities research analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 18.2%. The ex-dividend date of this dividend is Monday, November 17th. ARMOUR Residential REIT’s dividend payout ratio is currently -1,200.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its position in shares of 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 worth $37,000 after acquiring an additional 1,425 shares in the last quarter. Allworth Financial LP boosted its position in shares of ARMOUR Residential REIT by 139.1% in the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,556 shares during the period. Russell Investments Group Ltd. boosted its position in shares of ARMOUR Residential REIT by 80.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 1,471 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of ARMOUR Residential REIT in the 2nd quarter valued at about $55,000. Finally, Spire Wealth Management boosted its position in shares of ARMOUR Residential REIT by 311.2% in the 2nd quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,564 shares during the period. 54.17% of the stock is owned by institutional investors and hedge funds.

About ARMOUR Residential REIT

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.