ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 3,837,561 shares were traded during trading, an increase of 39% from the previous session's volume of 2,752,209 shares.The stock last traded at $16.33 and had previously closed at $16.80.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research note on Monday, April 28th. UBS Group reissued a "neutral" rating and issued a $16.00 price target (up from $14.00) on shares of ARMOUR Residential REIT in a report on Thursday, July 10th. Finally, Jones Trading reiterated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $16.00.
Read Our Latest Stock Analysis on ARR
ARMOUR Residential REIT Trading Down 4.4%
The stock has a market capitalization of $1.47 billion, a PE ratio of -67.11 and a beta of 1.38. The firm's 50-day moving average price is $16.60 and its 200-day moving average price is $17.07.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. The company had revenue of $84.19 million during the quarter, compared to analysts' expectations of $52.77 million. On average, equities research analysts predict that ARMOUR Residential REIT, Inc. will post 3.8 earnings per share for the current fiscal year.
ARMOUR Residential REIT Announces Dividend
The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.24 dividend. This represents a yield of 1,720.0%. The ex-dividend date of this dividend is Friday, August 15th. ARMOUR Residential REIT's dividend payout ratio is presently -1,200.00%.
Institutional Trading of ARMOUR Residential REIT
A number of hedge funds have recently added to or reduced their stakes in ARR. Bank of New York Mellon Corp boosted its stake in ARMOUR Residential REIT by 26.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 473,540 shares of the real estate investment trust's stock valued at $7,960,000 after acquiring an additional 100,412 shares during the last quarter. Tredje AP fonden lifted its holdings in shares of ARMOUR Residential REIT by 114.2% during the 2nd quarter. Tredje AP fonden now owns 52,923 shares of the real estate investment trust's stock worth $890,000 after acquiring an additional 28,212 shares during the period. Kovack Advisors Inc. boosted its stake in shares of ARMOUR Residential REIT by 23.8% in the 2nd quarter. Kovack Advisors Inc. now owns 28,615 shares of the real estate investment trust's stock valued at $481,000 after purchasing an additional 5,509 shares during the last quarter. Amalgamated Bank raised its holdings in ARMOUR Residential REIT by 6.1% during the 2nd quarter. Amalgamated Bank now owns 22,403 shares of the real estate investment trust's stock worth $377,000 after buying an additional 1,279 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of ARMOUR Residential REIT by 311.2% in the 2nd quarter. Spire Wealth Management now owns 3,388 shares of the real estate investment trust's stock valued at $57,000 after purchasing an additional 2,564 shares during the period. 54.17% of the stock is owned by institutional investors and hedge funds.
ARMOUR Residential REIT Company Profile
(
Get Free Report)
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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