ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $16.00 Average Price Target from Brokerages

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%.

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of ARMOUR Residential REIT by 32.0% during the first 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 during the last quarter. Millennium Management LLC increased its stake in shares of ARMOUR Residential REIT by 17,311.3% during the first quarter. Millennium Management LLC now owns 2,019,888 shares of the real estate investment trust's stock valued at $34,540,000 after purchasing an additional 2,008,287 shares in the last quarter. Invesco Ltd. increased its stake in shares of ARMOUR Residential REIT by 4.3% during the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust's stock valued at $29,045,000 after purchasing an additional 69,618 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ARMOUR Residential REIT by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 1,304,665 shares of the real estate investment trust's stock valued at $24,611,000 after purchasing an additional 156,514 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ARMOUR Residential REIT by 165.8% during the first 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 purchasing an additional 580,684 shares in the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Trading Down 5.1%

ARR stock traded down $0.86 during mid-day trading on Friday, hitting $15.95. The stock had a trading volume of 11,996,354 shares, compared to its average volume of 2,810,197. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $21.08. The company has a fifty day moving average of $16.60 and a 200 day moving average of $17.07. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -66.50 and a beta of 1.38.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. As a group, sell-side analysts expect that ARMOUR Residential REIT will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

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

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.