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

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.00.

Several analysts have issued reports on ARR shares. Jones Trading restated a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th.

Institutional Investors Weigh In On ARMOUR Residential REIT

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of ARMOUR Residential REIT during the 4th quarter worth about $2,619,000. Proficio Capital Partners LLC purchased a new position in ARMOUR Residential REIT during the 4th quarter worth approximately $419,000. Bank of America Corp DE grew its stake in shares of ARMOUR Residential REIT by 25.3% in the 4th quarter. Bank of America Corp DE now owns 104,744 shares of the real estate investment trust's stock valued at $1,975,000 after purchasing an additional 21,177 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of ARMOUR Residential REIT by 101.7% in the 4th quarter. Intech Investment Management LLC now owns 31,866 shares of the real estate investment trust's stock valued at $601,000 after purchasing an additional 16,068 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of ARMOUR Residential REIT by 19.7% in the 1st quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock valued at $3,228,000 after purchasing an additional 31,133 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Performance

Shares of ARR opened at $16.70 on Tuesday. ARMOUR Residential REIT has a one year low of $13.18 and a one year high of $21.93. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -47.71 and a beta of 1.36. The stock has a 50 day moving average price of $16.53 and a 200 day moving average price of $17.35.

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

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 30th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 17.25%. The ex-dividend date of this dividend is Tuesday, July 15th. ARMOUR Residential REIT's payout ratio is -822.86%.

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.

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