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 objective lifted by research analysts at UBS Group from $14.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective would indicate a potential downside of 5.52% from the company's previous close.

Other research analysts also recently issued reports about the stock. Jones Trading restated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Janney Montgomery Scott raised ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.50.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock traded up $0.06 during mid-day trading on Thursday, reaching $16.94. 2,352,562 shares of the company were exchanged, compared to its average volume of 2,115,638. ARMOUR Residential REIT has a twelve month low of $13.18 and a twelve month high of $21.93. The firm has a market cap of $1.38 billion, a PE ratio of -48.39 and a beta of 1.36. The firm's 50-day simple moving average is $16.54 and its two-hundred day simple moving average is $17.35.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its earnings results on Wednesday, April 23rd. The real estate investment trust reported $0.86 EPS for the quarter, beating 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 16.42% and a negative net margin of 0.27%. As a group, equities research analysts anticipate that ARMOUR Residential REIT will post 3.8 EPS for the current year.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC raised its holdings 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 worth $33,000 after buying an additional 1,596 shares during the period. Russell Investments Group Ltd. increased its holdings in ARMOUR Residential REIT by 35.2% during the fourth quarter. Russell Investments Group Ltd. now owns 2,695 shares of the real estate investment trust's stock worth $51,000 after buying an additional 702 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in ARMOUR Residential REIT in the 4th quarter valued at about $75,000. Summit Investment Advisors Inc. increased its holdings 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 worth $111,000 after acquiring an additional 777 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in ARMOUR Residential REIT in the 4th quarter valued at about $143,000. Institutional investors 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.

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