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

Key Points

• Weiss Ratings has reiterated a "Sell (D)" rating for ARMOUR Residential REIT (NYSE:ARR), indicating ongoing concerns about the stock's performance.
• ARMOUR Residential REIT shares recently traded up 3.0%, reaching $16.42, with an average price target of $16.00 according to market analysts.
• The company reported earnings of $0.72 per share, falling short of the consensus estimate of $0.75, despite exceeding revenue expectations for the quarter.

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

Several other equities research analysts have also issued reports on the stock. Zacks Research raised shares of ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a research note on Friday, October 10th. UBS Group reissued a "neutral" rating and set a $16.00 target price on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.00.

ARMOUR Residential REIT Stock Up 3.0%

Shares of ARR stock traded up $0.48 during mid-day trading on Friday, hitting $16.42. 4,883,568 shares of the stock were exchanged, compared to its average volume of 3,067,257. The firm has a fifty day moving average of $15.22 and a 200 day moving average of $15.83. ARMOUR Residential REIT has a 52-week low of $13.18 and a 52-week high of $19.77. The company has a market cap of $1.50 billion, a PE ratio of 410.38 and a beta of 1.41.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). ARMOUR Residential REIT had a return on equity of 16.72% and a net margin of 9.01%.The firm had revenue of $92.10 million for the quarter, compared to analysts' expectations of $63.25 million. During the same period in the previous year, the company earned $1.00 earnings per share. Equities analysts predict that ARMOUR Residential REIT will post 3.8 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in ARMOUR Residential REIT by 184.3% in the 2nd quarter. Fifth Third Bancorp now owns 2,198 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,425 shares in the last quarter. Allworth Financial LP lifted its stake in ARMOUR Residential REIT by 139.1% in the 2nd quarter. Allworth Financial LP now owns 2,675 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,556 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ARMOUR Residential REIT in the 2nd quarter worth approximately $55,000. Russell Investments Group Ltd. lifted its stake in ARMOUR Residential REIT by 80.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 1,471 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in shares of ARMOUR Residential REIT by 311.2% during the 2nd quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust's stock worth $57,000 after buying an additional 2,564 shares during the last quarter. 54.17% of the stock is owned by hedge funds and other 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.

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