UBS Group Reiterates Neutral Rating for ARMOUR Residential REIT (NYSE:ARR)

ARMOUR Residential REIT (NYSE:ARR - Get Free Report)'s stock had its "neutral" rating reissued by equities researchers at UBS Group in a research note issued to investors on Thursday, Marketbeat reports. They currently have a $16.00 target price on the real estate investment trust's stock, up from their previous target price of $14.00. UBS Group's price objective would indicate a potential downside of 5.16% from the company's current price.

Several other research firms also recently weighed in on ARR. Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.50.

ARMOUR Residential REIT Stock Down 0.4%

Shares of ARR opened at $16.87 on Thursday. The company has a market cap of $1.38 billion, a PE ratio of -48.20 and a beta of 1.36. The business has a fifty day moving average of $16.56 and a 200 day moving average of $17.30. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly 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. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. The company had revenue of $75.29 million during the quarter, compared to the consensus estimate of $18.59 million. As a group, research analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current fiscal year.

Institutional Trading of ARMOUR Residential REIT

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at about $2,619,000. Bank of America Corp DE raised its holdings in shares of ARMOUR Residential REIT by 25.3% in the fourth 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 acquiring an additional 21,177 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of ARMOUR Residential REIT by 101.7% in the fourth quarter. Intech Investment Management LLC now owns 31,866 shares of the real estate investment trust's stock valued at $601,000 after acquiring an additional 16,068 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of ARMOUR Residential REIT by 19.7% in the first 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 in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of ARMOUR Residential REIT by 17.4% in the fourth quarter. Vanguard Group Inc. now owns 6,046,157 shares of the real estate investment trust's stock valued at $114,031,000 after acquiring an additional 895,433 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors.

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.