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

Key Points

• ARMOUR Residential REIT, Inc. has received an average brokerage recommendation of "Hold", with a price target of $16.00 from six analysts.
• The company reported a quarterly EPS of $0.77, missing analysts' expectations of $0.81, with revenues of $84.19 million surpassing estimates.
• ARMOUR Residential REIT declared a dividend of $0.24 per share, yielding 1,720.0%, with an ex-dividend date of August 15th.

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) has earned an average recommendation of "Hold" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.00.

Separately, UBS Group reissued a "neutral" rating and set a $16.00 price target (up from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th.

ARMOUR Residential REIT Stock Up 0.8%

NYSE:ARR opened at $15.15 on Wednesday. The stock's 50-day simple moving average is $16.21 and its 200 day simple moving average is $16.70. The firm has a market capitalization of $1.39 billion, a PE ratio of -63.10 and a beta of 1.38. ARMOUR Residential REIT has a twelve month low of $13.18 and a twelve month high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced 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). ARMOUR Residential REIT had a negative net margin of 4.55% and a positive return on equity of 15.89%. The firm had revenue of $84.19 million for the quarter, compared to analyst estimates of $52.77 million. On average, analysts anticipate that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company 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. This represents a dividend yield of 1,720.0%. The ex-dividend date of this dividend is Friday, August 15th. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -1,200.00%.

Institutional Trading of ARMOUR Residential REIT

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 purchasing an additional 1,937,070 shares in the last quarter. Millennium Management LLC boosted 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. Geode Capital Management LLC lifted its stake in shares of ARMOUR Residential REIT by 27.7% in the second quarter. Geode Capital Management LLC now owns 1,968,349 shares of the real estate investment trust's stock worth $33,092,000 after acquiring an additional 426,536 shares during the period. Invesco Ltd. lifted its stake in shares of ARMOUR Residential REIT by 4.3% in the first quarter. Invesco Ltd. now owns 1,698,521 shares of the real estate investment trust's stock worth $29,045,000 after acquiring an additional 69,618 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ARMOUR Residential REIT by 7.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,003,622 shares of the real estate investment trust's stock worth $16,871,000 after acquiring an additional 72,793 shares during the period. 54.17% of the stock is 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.

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