Brokerages Set ARMOUR Residential REIT, Inc. (NYSE:ARR) PT at $17.25

ARMOUR Residential REIT, Inc. (NYSE:ARR) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.25.

ARR has been the subject of a number of analyst reports. Compass Point started coverage on ARMOUR Residential REIT in a research report on Monday, December 15th. They set a “buy” rating and a $18.50 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Zacks Research lowered shares of ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 18th. Finally, UBS Group reiterated a “neutral” rating and issued a $16.00 price objective on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th.

Institutional Trading of ARMOUR Residential REIT

Several large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in shares of ARMOUR Residential REIT by 19.7% in the first quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust’s stock valued at $3,228,000 after buying an additional 31,133 shares during the period. Advisors Asset Management Inc. raised its position in ARMOUR Residential REIT by 182.7% in the first quarter. Advisors Asset Management Inc. now owns 206,411 shares of the real estate investment trust’s stock worth $3,530,000 after acquiring an additional 133,408 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in ARMOUR Residential REIT by 1,064.3% in the 1st quarter. Dark Forest Capital Management LP now owns 327,460 shares of the real estate investment trust’s stock valued at $5,600,000 after acquiring an additional 299,336 shares during the last quarter. Northern Trust Corp lifted its holdings in ARMOUR Residential REIT by 9.7% in the 1st quarter. Northern Trust Corp now owns 680,908 shares of the real estate investment trust’s stock valued at $11,644,000 after acquiring an additional 60,248 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of ARMOUR Residential REIT by 17,311.3% during the 1st quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust’s stock valued at $34,540,000 after purchasing an additional 2,008,287 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

ARMOUR Residential REIT Stock Up 0.9%

Shares of NYSE:ARR opened at $17.70 on Tuesday. ARMOUR Residential REIT has a fifty-two week low of $13.18 and a fifty-two week high of $19.33. The firm has a 50-day simple moving average of $16.97 and a 200 day simple moving average of $16.20. The company has a market cap of $1.98 billion, a PE ratio of 442.50 and a beta of 1.45.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $210.90 million during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $1.00 EPS. As a group, research analysts forecast that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.24 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend is Thursday, January 15th. ARMOUR Residential REIT’s payout ratio is 7,200.00%.

ARMOUR Residential REIT Company Profile

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.