ARMOUR Residential REIT, Inc. (ARR) Receives Average Rating of “Buy” from Analysts
ARMOUR Residential REIT, Inc. (NYSE:ARR) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.00.
Several research analysts have recently issued reports on the company. BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, TheStreet raised ARMOUR Residential REIT from a “d” rating to a “c” rating in a research report on Wednesday, May 24th.
Shares of ARMOUR Residential REIT (ARR) opened at 25.80 on Friday. The company’s 50-day moving average price is $25.52 and its 200-day moving average price is $24.07. The company has a market cap of $1.06 billion, a P/E ratio of 3.39 and a beta of 0.78. ARMOUR Residential REIT has a 12 month low of $20.29 and a 12 month high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. ARMOUR Residential REIT had a return on equity of 9.26% and a net margin of 114.11%. The firm had revenue of $39.06 million during the quarter, compared to analysts’ expectations of $34.53 million. During the same period in the previous year, the firm posted $0.63 EPS. Equities analysts forecast that ARMOUR Residential REIT will post $2.68 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 28th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.28 annualized dividend and a dividend yield of 8.84%. ARMOUR Residential REIT’s dividend payout ratio is currently 30.00%.
In other ARMOUR Residential REIT news, COO Mark Gruber acquired 2,000 shares of the stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $25.33 per share, with a total value of $50,660.00. Following the transaction, the chief operating officer now owns 15,619 shares in the company, valued at approximately $395,629.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in ARMOUR Residential REIT by 1.1% in the second quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 69 shares in the last quarter. Murphy Capital Management Inc. boosted its position in ARMOUR Residential REIT by 2.6% in the first quarter. Murphy Capital Management Inc. now owns 13,536 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 344 shares in the last quarter. Legal & General Group Plc boosted its position in ARMOUR Residential REIT by 3.2% in the second quarter. Legal & General Group Plc now owns 11,643 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 364 shares in the last quarter. ETRADE Capital Management LLC boosted its position in ARMOUR Residential REIT by 4.1% in the second quarter. ETRADE Capital Management LLC now owns 9,451 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 373 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in ARMOUR Residential REIT by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 60,662 shares of the real estate investment trust’s stock valued at $1,316,000 after buying an additional 1,154 shares in the last quarter. 42.74% of the stock is owned by institutional investors and hedge funds.
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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