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

Key Points

• ARMOUR Residential REIT has received an average rating of "Hold" from analysts across eight brokerages, with one sell, six hold, and one buy rating.
• The company declared a monthly dividend of $0.24, resulting in an annualized yield of 18.5%, with the ex-dividend date set for October 15th.
• Recent hedge fund activity includes significant increases in stakes by several investors, indicating growing interest with total institutional ownership at 54.17%.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have earned an average rating of "Hold" from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.00.

A number of analysts recently weighed in on ARR shares. Zacks Research raised shares of ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. Weiss Ratings reissued a "sell (d)" rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Finally, UBS Group reissued a "neutral" rating and issued a $16.00 price target on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently bought and sold shares of ARR. Fifth Third Bancorp grew its stake in 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 worth $37,000 after buying an additional 1,425 shares in the last quarter. Allworth Financial LP boosted its stake in shares of ARMOUR Residential REIT by 139.1% in the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,556 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of ARMOUR Residential REIT by 80.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 1,471 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ARMOUR Residential REIT in the 2nd quarter valued at $55,000. Finally, Spire Wealth Management boosted its stake in shares of ARMOUR Residential REIT by 311.2% in 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 in the last quarter. Hedge funds and other institutional investors own 54.17% of the company's stock.

ARMOUR Residential REIT Trading Down 0.6%

ARMOUR Residential REIT stock opened at $15.58 on Thursday. The firm's 50 day simple moving average is $15.18 and its 200 day simple moving average is $15.85. The firm has a market capitalization of $1.43 billion, a PE ratio of -64.93 and a beta of 1.41. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $20.39.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04). The firm 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%. Research analysts forecast that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 18.5%. The ex-dividend date of this dividend is Wednesday, October 15th. ARMOUR Residential REIT's payout ratio is currently -1,200.00%.

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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