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

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $16.00.

A number of research firms recently commented on ARR. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report 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, October 10th. Finally, 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.

Hedge Funds Weigh In On ARMOUR Residential REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP increased 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 valued at $27,000 after purchasing an additional 1,570 shares during the period. Fifth Third Bancorp lifted its position in shares of ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares during the period. Allworth Financial LP boosted its stake in shares of ARMOUR Residential REIT by 139.1% during 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 in the last quarter. Danske Bank A S purchased a new position in shares of ARMOUR Residential REIT during the third quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of ARMOUR Residential REIT by 120.8% during the third quarter. EverSource Wealth Advisors LLC now owns 2,893 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,583 shares during the period. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Up 0.7%

NYSE ARR opened at $17.57 on Friday. The stock has a 50-day moving average of $16.31 and a 200-day moving average of $16.08. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $19.64. The firm has a market cap of $1.97 billion, a PE ratio of 439.25 and a beta of 1.44.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly 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). The company 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 last year, the firm earned $1.00 earnings per share. As a group, equities research analysts forecast that ARMOUR Residential REIT will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a $0.24 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Monday, December 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 7,200.00%.

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.