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

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.50.

Several equities research analysts have recently commented on the stock. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a "neutral" rating for the company. Wall Street Zen lowered shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Finally, Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 24th.

ARMOUR Residential REIT Stock Performance

Shares of ARR stock traded up $0.03 on Monday, hitting $15.98. 1,735,226 shares of the company's stock traded hands, compared to its average volume of 1,933,905. ARMOUR Residential REIT has a one year low of $13.18 and a one year high of $21.93. The company's fifty day simple moving average is $16.11 and its 200 day simple moving average is $17.90. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -37.15 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $75.29 million during the quarter, compared to analysts' expectations of $18.59 million. ARMOUR Residential REIT had a negative net margin of 2.61% and a positive return on equity of 16.00%. As a group, sell-side analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current fiscal year.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 18.03%. ARMOUR Residential REIT's dividend payout ratio is presently -822.86%.

Institutional Trading of ARMOUR Residential REIT

A number of large investors have recently made changes to their positions in ARR. Russell Investments Group Ltd. boosted its stake in shares of ARMOUR Residential REIT by 35.2% during the 4th quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 702 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of ARMOUR Residential REIT by 15.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock valued at $111,000 after buying an additional 777 shares in the last quarter. Kovack Advisors Inc. lifted its stake in shares of ARMOUR Residential REIT by 4.8% during the 4th quarter. Kovack Advisors Inc. now owns 21,861 shares of the real estate investment trust's stock valued at $412,000 after buying an additional 1,003 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of ARMOUR Residential REIT by 12.3% during the 4th quarter. Bank of Montreal Can now owns 11,988 shares of the real estate investment trust's stock valued at $226,000 after buying an additional 1,316 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ARMOUR Residential REIT by 14.2% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,904 shares of the real estate investment trust's stock valued at $225,000 after buying an additional 1,481 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors.

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.