ARMOUR Residential REIT (NYSE:ARR) Receives Sell (D) Rating from Weiss Ratings

Key Points

• ARMOUR Residential REIT has received a "sell (D)" rating from Weiss Ratings, reaffirming a negative outlook on its stock performance.
• UBS Group has set a $16.00 target price on the stock, which aligns with the consensus rating of "Hold" among analysts.
• Despite trading at $15.89, the company reported $0.77 earnings per share, missing estimates, while its revenue of $84.19 million exceeded expectations significantly.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, UBS Group reissued a "neutral" rating and set a $16.00 target price on shares of ARMOUR Residential REIT in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $16.00.

ARMOUR Residential REIT Price Performance

NYSE:ARR traded up $0.30 during trading hours on Wednesday, hitting $15.89. 2,781,081 shares of the company were exchanged, compared to its average volume of 3,055,419. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -66.21 and a beta of 1.41. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $20.39. The company's 50 day moving average price is $15.27 and its 200-day moving average price is $15.92.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04). The company had revenue of $84.19 million for the quarter, compared to analysts' expectations of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, equities analysts predict that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several large investors have recently made changes to their positions in ARR. Wealth Enhancement Advisory Services LLC acquired a new position in ARMOUR Residential REIT during the fourth quarter worth $190,000. GAMMA Investing LLC raised its position in ARMOUR Residential REIT by 1,411.0% during the first quarter. GAMMA Investing LLC now owns 14,415 shares of the real estate investment trust's stock worth $2,460,000 after acquiring an additional 13,461 shares during the period. Rhumbline Advisers raised its position in ARMOUR Residential REIT by 19.7% during the first quarter. Rhumbline Advisers now owns 188,792 shares of the real estate investment trust's stock worth $3,228,000 after acquiring an additional 31,133 shares during the period. First Citizens Bank & Trust Co. acquired a new position in ARMOUR Residential REIT during the first quarter worth $182,000. Finally, Yousif Capital Management LLC raised its position in ARMOUR Residential REIT by 32.5% during the first quarter. Yousif Capital Management LLC now owns 27,616 shares of the real estate investment trust's stock worth $472,000 after acquiring an additional 6,775 shares during the period. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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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