ARMOUR Residential REIT, Inc. (NYSE:ARR) Given Average Rating of "Hold" by Brokerages

Key Points

• ARMOUR Residential REIT, Inc. has received an average rating of "Hold" from six brokerages, with a target price of $16.00.
• The company reported $0.77 earnings per share, missing estimates, and had a revenue of $84.19 million for the latest quarter.
• ARMOUR Residential REIT announced a dividend of $0.24 per share set to be paid out, reflecting a significant dividend yield of 1,720.0%.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.00.

Separately, UBS Group reaffirmed a "neutral" rating and set a $16.00 price objective (up from $14.00) on shares of ARMOUR Residential REIT in a report on Thursday, July 10th.

ARMOUR Residential REIT Trading Up 0.8%

NYSE:ARR opened at $15.15 on Wednesday. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $21.08. The firm's fifty day simple moving average is $16.21 and its 200 day simple moving average is $16.70. The firm has a market capitalization of $1.39 billion, a PE ratio of -63.10 and a beta of 1.38.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The company had revenue of $84.19 million during the quarter, compared to the consensus estimate of $52.77 million. As a group, analysts anticipate that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.24 per share. This represents a dividend yield of 1,720.0%. The ex-dividend date of this dividend is Friday, August 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -1,200.00%.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of hedge funds have recently made changes to their positions in the company. Millennium Management LLC increased its position in ARMOUR Residential REIT by 17,311.3% in the 1st quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust's stock valued at $34,540,000 after acquiring an additional 2,008,287 shares in the last quarter. Vanguard Group Inc. increased its position in ARMOUR Residential REIT by 32.0% in the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock valued at $136,513,000 after acquiring an additional 1,937,070 shares in the last quarter. Ameriprise Financial Inc. increased its position in ARMOUR Residential REIT by 486.7% in the 4th quarter. Ameriprise Financial Inc. now owns 814,009 shares of the real estate investment trust's stock valued at $15,352,000 after acquiring an additional 675,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ARMOUR Residential REIT by 165.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 930,829 shares of the real estate investment trust's stock valued at $15,917,000 after acquiring an additional 580,684 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in ARMOUR Residential REIT in the 2nd quarter valued at about $9,006,000. Institutional investors and hedge funds own 54.17% of the company's stock.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

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