ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $21.00 Consensus Target Price from Brokerages

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) has been given an average recommendation of "Hold" by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several analysts have issued reports on ARR shares. UBS Group upped their price objective on ARMOUR Residential REIT from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Finally, Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th.

ARMOUR Residential REIT Trading Down 0.4%

NYSE:ARR traded down $0.06 on Tuesday, reaching $16.87. The stock had a trading volume of 3,132,372 shares, compared to its average volume of 2,123,855. The company has a 50-day moving average of $16.55 and a 200 day moving average of $17.33. The stock has a market cap of $1.38 billion, a P/E ratio of -48.20 and a beta of 1.36. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. ARMOUR Residential REIT had a negative net margin of 0.27% and a positive return on equity of 16.42%. The company had revenue of $75.29 million during the quarter, compared to analysts' expectations of $18.59 million. On average, equities analysts predict that ARMOUR Residential REIT will post 3.8 EPS for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Tuesday, July 15th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $2.88 dividend on an annualized basis and a yield of 17.07%. ARMOUR Residential REIT's payout ratio is currently -822.86%.

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. Bank of New York Mellon Corp boosted its stake in ARMOUR Residential REIT by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 317,385 shares of the real estate investment trust's stock valued at $5,986,000 after acquiring an additional 22,563 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at approximately $419,000. Charles Schwab Investment Management Inc. boosted its holdings in ARMOUR Residential REIT by 10.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 499,742 shares of the real estate investment trust's stock worth $9,425,000 after buying an additional 47,256 shares in the last quarter. Victory Capital Management Inc. bought a new stake in ARMOUR Residential REIT during the fourth quarter worth approximately $196,000. Finally, Jupiter Asset Management Ltd. bought a new stake in ARMOUR Residential REIT during the fourth quarter worth approximately $19,865,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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.