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

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have been given an average rating of "Hold" by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of equities analysts have commented on ARR shares. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Janney Montgomery Scott upgraded shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th.

Hedge Funds Weigh In On ARMOUR Residential REIT

Hedge funds have recently modified their holdings of the stock. Private Trust Co. NA acquired a new position in shares of ARMOUR Residential REIT during the fourth quarter valued at about $28,000. Sterling Capital Management LLC increased its stake in ARMOUR Residential REIT by 927.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,768 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,596 shares in the last quarter. Russell Investments Group Ltd. increased its stake in 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 valued at $51,000 after purchasing an additional 702 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in ARMOUR Residential REIT during the 4th quarter valued at approximately $75,000. Finally, Summit Investment Advisors Inc. increased its stake in 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 purchasing an additional 777 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

ARMOUR Residential REIT Stock Performance

NYSE:ARR traded down $0.27 during trading hours on Friday, reaching $16.49. The company's stock had a trading volume of 2,112,401 shares, compared to its average volume of 2,001,207. The company has a market capitalization of $1.35 billion, a P/E ratio of -38.34 and a beta of 1.37. ARMOUR Residential REIT has a 12 month low of $13.18 and a 12 month high of $21.93. The stock has a 50 day moving average price of $15.96 and a two-hundred day moving average price of $17.62.

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

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 16th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 17.47%. The ex-dividend date of this dividend is Monday, June 16th. ARMOUR Residential REIT's dividend payout ratio is currently -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.