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

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have earned an average rating of "Hold" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts have recently weighed in on ARR shares. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Wall Street Zen cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Finally, Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th.

ARMOUR Residential REIT Stock Down 0.8%

Shares of NYSE ARR traded down $0.14 during trading on Friday, hitting $16.76. 2,470,398 shares of the company traded hands, compared to its average volume of 1,992,693. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $21.93. The firm has a market capitalization of $1.37 billion, a P/E ratio of -38.97 and a beta of 1.37. The company has a 50-day moving average price of $15.87 and a 200-day moving average price of $17.66.

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

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 16th will be paid a $0.24 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 17.18%. ARMOUR Residential REIT's dividend payout ratio (DPR) is presently -822.86%.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors and hedge funds have recently bought and sold shares of ARR. Rhumbline Advisers increased its holdings 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 acquiring an additional 31,133 shares during the last quarter. Strs Ohio bought a new stake in shares of ARMOUR Residential REIT during the 1st quarter valued at about $181,000. Westbourne Investments Inc. raised its stake in ARMOUR Residential REIT by 10.2% during the first quarter. Westbourne Investments Inc. now owns 22,365 shares of the real estate investment trust's stock worth $382,000 after acquiring an additional 2,065 shares during the period. Intech Investment Management LLC lifted its holdings in ARMOUR Residential REIT by 189.5% in the first quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust's stock worth $1,577,000 after acquiring an additional 60,371 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of ARMOUR Residential REIT during the first quarter valued at approximately $8,584,000. Institutional investors and hedge funds own 54.17% of the company's stock.

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.