ARMOUR Residential REIT, Inc. (NYSE:ARR) Given Consensus Recommendation of “Hold” by Analysts

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.50.

A number of equities research analysts have commented on ARR shares. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Tuesday. UBS Group reissued a “neutral” rating and set a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th. JonesTrading dropped their price target on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, June 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ARR. Price T Rowe Associates Inc. MD increased its position in shares of ARMOUR Residential REIT by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,494 shares of the real estate investment trust’s stock valued at $1,531,000 after purchasing an additional 579 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 685 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of ARMOUR Residential REIT by 5.0% in the fourth quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 915 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of ARMOUR Residential REIT by 4.7% in the fourth quarter. ProShare Advisors LLC now owns 21,946 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 988 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in 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 valued at $1,012,000 after buying an additional 1,039 shares during the period. 54.17% of the stock is owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Stock Up 0.7%

Shares of ARR stock opened at $16.25 on Friday. The company has a 50 day moving average price of $16.91 and a 200-day moving average price of $17.36. ARMOUR Residential REIT has a 52 week low of $13.98 and a 52 week high of $19.31. The firm has a market capitalization of $2.30 billion, a PE ratio of 4.37 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $113.29 million for the quarter, compared to the consensus estimate of $111.98 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. Analysts anticipate that ARMOUR Residential REIT will post 2.82 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 17.7%. ARMOUR Residential REIT’s dividend payout ratio is currently 150.00%.

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.