Analysts Set ARMOUR Residential REIT, Inc. (NYSE:ARR) Price Target at $18.33

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.3333.

A number of brokerages have commented on ARR. Jones Trading upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price target for the company in a research note on Friday, January 16th. Compass Point started coverage on ARMOUR Residential REIT in a report on Monday, December 15th. They issued a “buy” rating and a $18.50 target price for the company. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. UBS Group reiterated a “neutral” rating and set a $16.00 price objective on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, January 21st.

Insiders Place Their Bets

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 6,833 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total transaction of $123,403.98. Following the sale, the director directly owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. This represents a 87.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of ARR. GAMMA Investing LLC boosted its stake in ARMOUR Residential REIT by 217.5% in the fourth 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 in the last quarter. Signaturefd LLC raised its holdings in shares of ARMOUR Residential REIT by 210.9% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,198 shares during the last quarter. Quarry LP lifted its position in ARMOUR Residential REIT by 620.6% during the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,570 shares in the last quarter. Fifth Third Bancorp grew its holdings 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 worth $37,000 after acquiring an additional 1,425 shares during the last quarter. Finally, Allworth Financial LP increased its position in 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 acquiring an additional 1,556 shares in the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Price Performance

ARR opened at $17.41 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of 435.25 and a beta of 1.44. The firm’s fifty day moving average price is $17.77 and its two-hundred day moving average price is $16.46. ARMOUR Residential REIT has a fifty-two week low of $13.18 and a fifty-two week high of $19.31.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.24 per share. This represents a c) annualized dividend and a yield of 16.5%. The ex-dividend date of this dividend is Tuesday, February 17th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 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.