ARMOUR Residential REIT (NYSE:ARR) Stock Rating Lowered by Zacks Research

ARMOUR Residential REIT (NYSE:ARR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. UBS Group reissued a “neutral” rating and set a $16.00 price target on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Compass Point initiated coverage on shares of ARMOUR Residential REIT in a report on Monday. They set a “buy” rating and a $18.50 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.25.

ARMOUR Residential REIT Stock Up 1.2%

Shares of ARR stock opened at $17.41 on Thursday. The business has a 50-day moving average price of $16.63 and a two-hundred day moving average price of $16.14. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $19.33. The firm has a market cap of $1.95 billion, a P/E ratio of 435.25 and a beta of 1.45.

ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $210.90 million for the quarter, compared to the consensus estimate of $63.25 million. ARMOUR Residential REIT had a net margin of 9.01% and a return on equity of 15.37%. During the same quarter last year, the company posted $1.00 earnings per share. As a group, research analysts expect that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

Institutional Investors Weigh In On ARMOUR Residential REIT

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its holdings in ARMOUR Residential REIT by 10.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,283 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 859 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of ARMOUR Residential REIT by 3.1% during the third quarter. Kovack Advisors Inc. now owns 29,504 shares of the real estate investment trust’s stock valued at $441,000 after acquiring an additional 889 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of ARMOUR Residential REIT by 1.8% during the second quarter. California State Teachers Retirement System now owns 60,209 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 1,039 shares during the period. Amalgamated Bank boosted its holdings in shares of ARMOUR Residential REIT by 6.1% during the second quarter. Amalgamated Bank now owns 22,403 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 1,279 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of ARMOUR Residential REIT by 184.3% in the second quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,425 shares during the last quarter. Hedge funds and other institutional investors own 54.17% of the company’s stock.

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.