ARMOUR Residential REIT (NYSE:ARR – Free Report) had its target price cut by JonesTrading from $19.00 to $15.25 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.
ARR has been the topic of several other reports. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.56.
Read Our Latest Research Report on ARR
ARMOUR Residential REIT Stock Up 1.5%
Shares of NYSE ARR opened at $12.88 on Thursday. ARMOUR Residential REIT has a 12 month low of $12.27 and a 12 month high of $19.31. The business has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $16.24. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -429.17 and a beta of 1.42.
ARMOUR Residential REIT (NYSE:ARR – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. The business had revenue of $121.70 million during the quarter, compared to analysts’ expectations of $119.84 million. ARMOUR Residential REIT had a negative net margin of 5.09% and a positive return on equity of 15.90%. As a group, sell-side analysts expect that ARMOUR Residential REIT will post 2.91 EPS for the current fiscal year.
ARMOUR Residential REIT Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 22.4%. The ex-dividend date is Monday, November 16th. ARMOUR Residential REIT’s payout ratio is presently 77.42%.
Insider Transactions at ARMOUR Residential REIT
In other news, Chairman Daniel Staton sold 35,583 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $15.86, for a total value of $564,346.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On ARMOUR Residential REIT
Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in shares of ARMOUR Residential REIT by 576.2% in the 2nd quarter. IFP Advisors Inc now owns 1,420 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,210 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of ARMOUR Residential REIT by 161.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,931 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of ARMOUR Residential REIT by 61.0% in the second quarter. GAMMA Investing LLC now owns 3,454 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,309 shares during the period. Integrated Wealth Concepts LLC bought a new position in ARMOUR Residential REIT during the second quarter worth $100,000. Finally, NewEdge Advisors LLC boosted its position in shares of ARMOUR Residential REIT by 34,376.5% during the 2nd quarter. NewEdge Advisors LLC now owns 5,861 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 5,844 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting ARMOUR Residential REIT
Here are the key news stories impacting ARMOUR Residential REIT this week:
- Positive Sentiment: ARMOUR declared a $0.24 per-share November dividend on its common stock, maintaining an attractive income component for investors. ARMOUR Residential REIT Announces $0.24 November 2026 Dividend on Common Shares
- Positive Sentiment: JonesTrading retained a Buy rating, although it reduced its price target from $19.00 to $15.25. The revised target still implies meaningful upside from recent trading levels, signaling that the firm views the selloff as potentially excessive. JonesTrading stock recommendations
- Neutral Sentiment: A separate report raised the price target for ARMOUR’s preferred stock by 21.05% to $27.74. This may improve sentiment toward the company’s preferred securities, but it has limited direct impact on ARR common shares. ARMOUR preferred stock price target increased
- Negative Sentiment: B. Riley lowered its common-stock price target from $18.00 to $14.50 and shifted to a Neutral rating. Although the new target implies upside, the reduction reflects more cautious expectations. B. Riley stock recommendations
- Negative Sentiment: ARR’s third-quarter earnings were reported at $0.71 per share, below the Zacks consensus estimate of $0.73 and down from $0.72 a year earlier. The miss may pressure the stock despite revenue exceeding expectations. ARMOUR Residential REIT Q3 earnings
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities. Its portfolio generally consists of securities issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by U.S. government agencies such as Ginnie Mae.
The company invests in a range of agency mortgage securities, including fixed-rate and adjustable-rate mortgage pass-through securities, collateralized mortgage obligations, specified pools and to-be-announced securities.
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