ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• ARMOUR Residential REIT has received a consensus rating of "Hold" from six research firms, with an average target price of $15.50.
• Recent hedge fund activity shows increased investments in ARMOUR, with Osaic Holdings and Public Sector Pension Investment Board notably expanding their positions in the second quarter.
• The company declared a $0.24 dividend to be paid on September 29, reflecting a significant dividend yield of 1,912.0%, although its payout ratio is notably negative.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.50.

Separately, UBS Group reduced their price objective on ARMOUR Residential REIT from $16.00 to $15.50 and set a "neutral" rating for the company in a research note on Wednesday, September 3rd.

ARMOUR Residential REIT Stock Up 1.1%

NYSE ARR traded up $0.16 on Friday, reaching $14.21. The company had a trading volume of 1,750,628 shares, compared to its average volume of 3,058,334. The stock has a market capitalization of $1.30 billion, a P/E ratio of -59.14 and a beta of 1.39. The company's fifty day moving average is $15.64 and its 200 day moving average is $16.19. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $20.59.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts' consensus estimates 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%. On average, research analysts expect that ARMOUR Residential REIT will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a sep 25 dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.24 dividend. This represents a yield of 1,912.0%. The ex-dividend date is Monday, September 15th. ARMOUR Residential REIT's dividend payout ratio is -1,200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ARR. Public Sector Pension Investment Board grew its stake in shares of ARMOUR Residential REIT by 74.4% during the 1st quarter. Public Sector Pension Investment Board now owns 242,288 shares of the real estate investment trust's stock worth $4,143,000 after acquiring an additional 103,366 shares during the period. Rhumbline Advisers grew its stake in shares of ARMOUR Residential REIT by 19.7% during the 1st quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock worth $3,228,000 after acquiring an additional 31,133 shares during the period. Principal Financial Group Inc. grew its stake in shares of ARMOUR Residential REIT by 40.2% during the 1st quarter. Principal Financial Group Inc. now owns 379,182 shares of the real estate investment trust's stock worth $6,484,000 after acquiring an additional 108,769 shares during the period. Bank of America Corp DE grew its stake in shares of ARMOUR Residential REIT by 25.3% during the 4th quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust's stock worth $1,975,000 after acquiring an additional 21,177 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of ARMOUR Residential REIT by 32.0% during the 1st quarter. Vanguard Group Inc. now owns 7,983,227 shares of the real estate investment trust's stock worth $136,513,000 after acquiring an additional 1,937,070 shares during the period. Institutional investors own 54.17% of the company's stock.

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.