ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $18.50 Average PT from Analysts

ARMOUR Residential REIT, Inc. (NYSE:ARR) has earned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.50.

Several equities analysts recently commented on the company. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Weiss Ratings downgraded ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Wall Street Zen downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. JonesTrading cut their target price on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group restated a “neutral” rating and set a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in ARMOUR Residential REIT by 35.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,995,105 shares of the real estate investment trust’s stock valued at $179,207,000 after purchasing an additional 3,147,068 shares during the last quarter. State Street Corp raised its position in ARMOUR Residential REIT by 1.4% in the 4th quarter. State Street Corp now owns 3,920,206 shares of the real estate investment trust’s stock valued at $69,348,000 after purchasing an additional 53,570 shares during the last quarter. Marshall Wace LLP raised its position in ARMOUR Residential REIT by 365.7% in the 3rd quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock valued at $37,278,000 after purchasing an additional 1,959,447 shares during the last quarter. Invesco Ltd. raised its position in ARMOUR Residential REIT by 22.3% in the 3rd quarter. Invesco Ltd. now owns 1,855,148 shares of the real estate investment trust’s stock valued at $27,716,000 after purchasing an additional 338,134 shares during the last quarter. Finally, UBS Group AG raised its position in ARMOUR Residential REIT by 4.1% in the 4th quarter. UBS Group AG now owns 1,154,875 shares of the real estate investment trust’s stock valued at $20,430,000 after purchasing an additional 45,023 shares during the last quarter. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Trading Up 0.7%

Shares of ARR stock opened at $17.25 on Friday. The stock has a 50 day moving average of $17.06 and a two-hundred day moving average of $17.42. ARMOUR Residential REIT has a 12 month low of $13.98 and a 12 month high of $19.31. The company has a market capitalization of $2.14 billion, a P/E ratio of 8.98 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. The business had revenue of $70.71 million during the quarter, compared to the consensus estimate of $155.79 million. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%. Sell-side analysts predict that ARMOUR Residential REIT will post 2.82 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.24 per share. This represents a c) annualized dividend and a dividend yield of 16.7%. The ex-dividend date is Monday, June 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 150.00%.

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.