ARMOUR Residential REIT (NYSE:ARR) Reaches New 1-Year Low – What’s Next?

ARMOUR Residential REIT, Inc. (NYSE:ARR) shares reached a new 52-week low during trading on Thursday. The stock traded as low as $11.83 and last traded at $12.0050, with a volume of 627,742 shares traded. The stock had previously closed at $12.15.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. B. Riley Financial reduced their target price on shares of ARMOUR Residential REIT from $18.00 to $14.50 and set a “neutral” rating for the company in a report on Friday, October 23rd. JonesTrading decreased their price target on shares of ARMOUR Residential REIT from $19.00 to $15.25 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Weiss Ratings cut shares of ARMOUR Residential REIT from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd. Finally, Wall Street Zen upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “sell” rating in a report on Saturday, November 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ARMOUR Residential REIT currently has an average rating of “Hold” and a consensus target price of $16.56.

ARMOUR Residential REIT Trading Down 1.1%

The company has a market cap of $1.78 billion, a PE ratio of -399.17 and a beta of 1.47. The firm’s 50-day simple moving average is $13.81 and its two-hundred day simple moving average is $16.27.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The business had revenue of $121.70 million for the quarter, compared to analyst estimates of $119.84 million. ARMOUR Residential REIT had a negative net margin of 5.09% and a positive return on equity of 15.90%. As a group, analysts predict that ARMOUR Residential REIT, Inc. will post 2.88 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be given a $0.24 dividend. This represents a $2.88 annualized dividend and a dividend yield of 24.0%. The ex-dividend date of this dividend is Monday, November 16th. ARMOUR Residential REIT’s dividend payout ratio is presently -9,600.00%.

Insider Transactions at ARMOUR Residential REIT

In related news, Chairman Daniel Staton sold 35,583 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $15.86, for a total value of $564,346.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Trading of ARMOUR Residential REIT

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of ARMOUR Residential REIT by 576.2% in the second quarter. IFP Advisors Inc now owns 1,420 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,210 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in shares of ARMOUR Residential REIT by 161.2% during the first quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,931 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ARMOUR Residential REIT by 61.0% during the second quarter. GAMMA Investing LLC now owns 3,454 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,309 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in ARMOUR Residential REIT in the second quarter valued at approximately $100,000. Finally, NewEdge Advisors LLC boosted its position in ARMOUR Residential REIT by 34,376.5% in the second quarter. NewEdge Advisors LLC now owns 5,861 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 5,844 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc. is a real estate investment trust focused on the U.S. residential mortgage market. The company primarily invests in agency mortgage-backed securities, which are backed by residential mortgage loans and guaranteed or issued by Fannie Mae, Freddie Mac or Ginnie Mae. Its portfolio may include mortgage securities with fixed, adjustable or hybrid interest rates. ARMOUR also uses financing arrangements and hedging instruments to manage interest-rate and other investment risks.