ARMOUR Residential REIT (NYSE:ARR) Given New $16.00 Price Target at UBS Group

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) had its price target hoisted by investment analysts at UBS Group from $14.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective indicates a potential downside of 5.25% from the company's current price.

Several other equities analysts have also commented on the stock. 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. Jones Trading restated a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, ARMOUR Residential REIT has a consensus rating of "Hold" and a consensus target price of $18.50.

ARMOUR Residential REIT Stock Down 0.3%

ARMOUR Residential REIT stock traded down $0.04 during trading on Thursday, reaching $16.89. The stock had a trading volume of 1,303,228 shares, compared to its average volume of 2,704,788. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $21.93. The business has a 50 day moving average price of $16.55 and a 200 day moving average price of $17.33. The stock has a market cap of $1.38 billion, a PE ratio of -48.24 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $75.29 million for the quarter, compared to analysts' expectations of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.42% and a negative net margin of 0.27%. On average, equities analysts predict that ARMOUR Residential REIT will post 3.8 EPS for the current fiscal year.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in shares of ARMOUR Residential REIT by 927.9% in the fourth 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 during the period. Russell Investments Group Ltd. lifted its stake in shares of ARMOUR Residential REIT by 35.2% in 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 period. C M Bidwell & Associates Ltd. purchased a new stake in shares of ARMOUR Residential REIT in the fourth quarter valued at about $75,000. Summit Investment Advisors Inc. raised its holdings in ARMOUR Residential REIT by 15.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 777 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in ARMOUR Residential REIT in the fourth quarter valued at about $143,000. 54.17% of the stock is owned by hedge funds and other 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.