UBS Group Cuts ARMOUR Residential REIT (NYSE:ARR) Price Target to $15.50

Key Points

• UBS Group has downgraded its price target for ARMOUR Residential REIT (NYSE:ARR) from $16.00 to $15.50, maintaining a "neutral" rating, indicating a potential upside of just 1.66% from the current stock price.
• ARMOUR Residential REIT reported earnings that missed expectations, with $0.77 EPS compared to a forecast of $0.81, while revenues significantly surpassed estimates at $84.19 million.
• The stock experienced a slight increase of 0.6% during trading on Wednesday, currently priced at $15.25 with a market cap of $1.40 billion.

ARMOUR Residential REIT (NYSE:ARR - Free Report) had its price target decreased by UBS Group from $16.00 to $15.50 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust's stock.

ARMOUR Residential REIT Trading Down 0.0%

NYSE:ARR traded down $0.01 during mid-day trading on Wednesday, hitting $15.82. The stock had a trading volume of 1,376,084 shares, compared to its average volume of 2,996,266. The company has a 50 day simple moving average of $16.02 and a 200-day simple moving average of $16.48. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -65.89 and a beta of 1.39. ARMOUR Residential REIT has a 52 week low of $13.18 and a 52 week high of $21.08.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $52.77 million. As a group, equities research analysts anticipate that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a sep 25 dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a dividend of $0.24 per share. This represents a yield of 1,902.0%. The ex-dividend date of this dividend is Monday, September 15th. ARMOUR Residential REIT's payout ratio is presently -1,200.00%.

Institutional Trading of ARMOUR Residential REIT

Several institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its stake in ARMOUR Residential REIT by 20.3% during the second quarter. Osaic Holdings Inc. now owns 21,659 shares of the real estate investment trust's stock worth $364,000 after buying an additional 3,657 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in ARMOUR Residential REIT by 7.1% in the second quarter. Thrivent Financial for Lutherans now owns 60,112 shares of the real estate investment trust's stock worth $1,010,000 after purchasing an additional 3,984 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in ARMOUR Residential REIT by 15.0% in the second quarter. Public Sector Pension Investment Board now owns 278,674 shares of the real estate investment trust's stock worth $4,685,000 after purchasing an additional 36,386 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in ARMOUR Residential REIT by 366.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,404 shares of the real estate investment trust's stock worth $124,000 after purchasing an additional 5,816 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in ARMOUR Residential REIT by 51.8% during the 2nd quarter. State of Tennessee Department of Treasury now owns 34,069 shares of the real estate investment trust's stock worth $573,000 after buying an additional 11,625 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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.