ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $16.00 Average PT from Analysts

Key Points

• ARMOUR Residential REIT, Inc. has a consensus rating of "Hold" from six brokerage firms, with a price objective of $16.00 among analysts.
• Recent institutional trading saw Vanguard Group increase its stake by 32.0% and Millennium Management by over 17,000%, indicating strong interest from institutional investors.
• The company reported a quarterly EPS of $0.77, missing expectations, and announced a dividend of $0.24 with an extremely high yield of 1,720.0%.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

Several equities research analysts recently issued reports on ARR shares. Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Finally, UBS Group restated a "neutral" rating and issued a $16.00 target price (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th.

ARMOUR Residential REIT Stock Up 2.6%

Shares of ARR stock traded up $0.43 during mid-day trading on Friday, reaching $16.81. The company's stock had a trading volume of 2,451,768 shares, compared to its average volume of 2,958,336. The firm has a market capitalization of $1.54 billion, a PE ratio of 4.80 and a beta of 1.38. The company's 50 day simple moving average is $16.57 and its 200-day simple moving average is $17.08. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $21.08.

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

ARMOUR Residential REIT Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.24 dividend. This represents a dividend yield of 1,720.0%. The ex-dividend date is Friday, August 15th. ARMOUR Residential REIT's payout ratio is -1,200.00%.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in shares of ARMOUR Residential REIT by 927.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,596 shares during the period. Fifth Third Bancorp boosted its holdings in shares of ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,425 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of ARMOUR Residential REIT by 35.2% in the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 702 shares during the period. Spire Wealth Management boosted its stake in ARMOUR Residential REIT by 311.2% during the 2nd quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 2,564 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in ARMOUR Residential REIT during the 2nd quarter valued at about $66,000. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Company Profile

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.