ARMOUR Residential REIT, Inc. (NYSE:ARR) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give ARMOUR Residential REIT a consensus “Hold” rating: Of five analysts, two recommend buying, two recommend holding, and one recommends selling. The average 12-month price target is $18.50, compared with a recent price of $16.34.
• Recent quarterly results met expectations: ARMOUR reported earnings of $0.72 per share, matching estimates, while revenue of $113.29 million exceeded the $111.98 million forecast.
• The company maintains a high-yield monthly dividend: ARMOUR declared a $0.24-per-share monthly dividend, representing an annualized yield of approximately 17.6%; institutional investors own 54.17% of the stock.

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.50.

Several equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of ARMOUR Residential REIT from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 19th. Zacks Research raised ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 21st.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of large investors have recently made changes to their positions in ARR. Quarry LP raised its holdings in shares of ARMOUR Residential REIT by 620.6% during the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,570 shares in the last quarter. Allworth Financial LP boosted its holdings in ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 685 shares in the last quarter. Danske Bank A S bought a new stake in ARMOUR Residential REIT in the third quarter valued at $42,000. McIlrath & Eck LLC increased its position in ARMOUR Residential REIT by 161.2% during the 1st quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 1,931 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in ARMOUR Residential REIT during the 2nd quarter valued at $55,000. 54.17% of the stock is currently owned by institutional investors.

ARMOUR Residential REIT Stock Up 1.3%

Shares of NYSE ARR opened at $16.34 on Friday. ARMOUR Residential REIT has a 52 week low of $13.98 and a 52 week high of $19.31. The firm's fifty day moving average is $16.62 and its 200 day moving average is $16.99. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 4.39 and a beta of 1.36.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $113.29 million during the quarter, compared to analysts' expectations of $111.98 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. Equities research analysts anticipate that ARMOUR Residential REIT will post 2.93 earnings per share for the current year.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 17.6%. ARMOUR Residential REIT's dividend payout ratio (DPR) is 77.42%.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT NYSE: ARR is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company's investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.

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