ARMOUR Residential REIT (NYSE:ARR) Stock Rating Upgraded by StockNews.com

ARMOUR Residential REIT (NYSE:ARR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Other research analysts have also issued reports about the stock. B. Riley raised their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.83.

ARMOUR Residential REIT Stock Down 1.2 %

Shares of ARMOUR Residential REIT stock opened at $19.39 on Friday. The business’s fifty day moving average is $20.18 and its two-hundred day moving average is $19.73. ARMOUR Residential REIT has a fifty-two week low of $13.31 and a fifty-two week high of $21.93. The firm has a market cap of $945.65 million, a PE ratio of -7.00 and a beta of 1.50.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. The business had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. Equities research analysts anticipate that ARMOUR Residential REIT will post 3.81 EPS for the current year.

Insider Activity at ARMOUR Residential REIT

In related news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was bought at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the purchase, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Trading of ARMOUR Residential REIT

A number of institutional investors and hedge funds have recently made changes to their positions in ARR. BNP Paribas Financial Markets bought a new position in ARMOUR Residential REIT during the 1st quarter worth $525,000. Texas Permanent School Fund Corp boosted its holdings in shares of ARMOUR Residential REIT by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock valued at $843,000 after acquiring an additional 561 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of ARMOUR Residential REIT during the first quarter worth about $1,549,000. Price T Rowe Associates Inc. MD increased its holdings in shares of ARMOUR Residential REIT by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 1,707 shares during the period. Finally, LifePro Asset Management bought a new stake in ARMOUR Residential REIT in the 2nd quarter valued at about $2,035,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Company Profile

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.