Armour Residential REIT Inc. (NYSE:ARR)’s share price fell 1.8% during trading on Thursday . The stock traded as low as $22.44 and last traded at $22.47, with a volume of 279,536 shares. The stock had previously closed at $22.89.

ARR has been the topic of a number of recent analyst reports. National Securities reaffirmed a “sell” rating and issued a $16.00 target price on shares of Armour Residential REIT in a research report on Monday, August 8th. Deutsche Bank AG upped their target price on Armour Residential REIT from $21.00 to $21.80 and gave the company a “hold” rating in a research report on Thursday, August 4th. Barclays PLC upped their target price on Armour Residential REIT from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, August 4th. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $20.00 target price on shares of Armour Residential REIT in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research lowered Armour Residential REIT from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Armour Residential REIT currently has an average rating of “Hold” and an average target price of $21.10.

The stock’s 50 day moving average is $20.99 and its 200-day moving average is $20.32. The stock’s market cap is $820.31 million.

Armour Residential REIT (NYSE:ARR) last issued its earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.08. During the same period in the prior year, the business earned $0.12 earnings per share. On average, equities research analysts predict that Armour Residential REIT Inc. will post $3.50 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be issued a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date of this dividend is Thursday, August 11th.

An institutional investor recently raised its position in Armour Residential REIT stock. California Public Employees Retirement System increased its position in shares of Armour Residential REIT Inc. (NYSE:ARR) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,275 shares of the company’s stock after buying an additional 11,200 shares during the period. California Public Employees Retirement System owned approximately 0.39% of Armour Residential REIT worth $3,357,000 at the end of the most recent quarter.

ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).

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