ARMOUR Residential REIT (NYSE:ARR) Upgraded to Buy at Janney Montgomery Scott

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) was upgraded by stock analysts at Janney Montgomery Scott from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, MarketBeat reports.

ARR has been the topic of a number of other reports. B. Riley upgraded shares of ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. Jones Trading reissued a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. BTIG Research started coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They set a "neutral" rating on the stock. Finally, JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus target price of $20.50.

ARMOUR Residential REIT Stock Down 1.1 %

Shares of ARMOUR Residential REIT stock traded down $0.18 during trading hours on Monday, hitting $16.22. 3,088,408 shares of the company's stock traded hands, compared to its average volume of 1,839,191. ARMOUR Residential REIT has a twelve month low of $13.18 and a twelve month high of $21.93. The company has a market cap of $1.33 billion, a PE ratio of -37.72 and a beta of 1.23. The stock has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $18.19.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $75.29 million for the quarter, compared to the consensus estimate of $18.59 million. ARMOUR Residential REIT had a positive return on equity of 16.00% and a negative net margin of 2.61%. As a group, equities research analysts predict that ARMOUR Residential REIT will post 3.8 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC increased its position in ARMOUR Residential REIT by 18.6% in the first quarter. Segall Bryant & Hamill LLC now owns 116,226 shares of the real estate investment trust's stock worth $1,987,000 after buying an additional 18,215 shares during the period. Victory Capital Management Inc. lifted its position in ARMOUR Residential REIT by 22.3% in the 1st quarter. Victory Capital Management Inc. now owns 12,706 shares of the real estate investment trust's stock valued at $217,000 after purchasing an additional 2,314 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in ARMOUR Residential REIT by 33.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,000 shares of the real estate investment trust's stock valued at $616,000 after purchasing an additional 9,000 shares during the period. Stephens Inc. AR bought a new position in ARMOUR Residential REIT in the 1st quarter worth about $284,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of ARMOUR Residential REIT in the first quarter valued at approximately $190,000. Institutional investors and hedge funds own 54.17% of the company's stock.

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.