Shares of Armour Residential REIT Inc. (NYSE:ARR) have been given an average rating of “Hold” by the eight research firms that are presently covering the stock. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.30.
A number of brokerages recently issued reports on ARR. National Securities reiterated a “sell” rating and issued a $16.00 price objective on shares of Armour Residential REIT in a report on Monday, August 8th. Credit Suisse Group AG reiterated a “sell” rating and issued a $22.00 price objective on shares of Armour Residential REIT in a report on Friday, September 9th. Deutsche Bank AG upped their price objective on shares of Armour Residential REIT from $21.00 to $21.80 and gave the stock a “hold” rating in a report on Thursday, August 4th. Barclays PLC upped their price objective on shares of Armour Residential REIT from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of Armour Residential REIT from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, July 12th.
Armour Residential REIT (NYSE:ARR) traded up 0.18% during trading on Wednesday, reaching $22.51. The company had a trading volume of 238,667 shares. The firm has a 50-day moving average price of $22.30 and a 200 day moving average price of $21.00. The stock’s market cap is $826.18 million. Armour Residential REIT has a 12-month low of $16.61 and a 12-month high of $23.23.
Armour Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.08. Armour Residential REIT had a positive return on equity of 13.00% and a negative net margin of 113.98%. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Equities research analysts predict that Armour Residential REIT will post $3.50 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be given a dividend of $0.22 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date of this dividend is Wednesday, October 12th. Armour Residential REIT’s dividend payout ratio is currently -26.80%.
In related news, CEO Jeffrey J. Zimmer acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was acquired at an average price of $22.11 per share, with a total value of $221,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of Armour Residential REIT by 5.6% in the second quarter. Teacher Retirement System of Texas now owns 5,158 shares of the company’s stock worth $103,000 after buying an additional 273 shares in the last quarter. IFP Advisors Inc raised its position in shares of Armour Residential REIT by 1.1% in the second quarter. IFP Advisors Inc now owns 7,357 shares of the company’s stock worth $147,000 after buying an additional 81 shares in the last quarter. Murphy Capital Management Inc. raised its position in shares of Armour Residential REIT by 3.6% in the second quarter. Murphy Capital Management Inc. now owns 12,429 shares of the company’s stock worth $248,000 after buying an additional 427 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Armour Residential REIT during the second quarter worth approximately $254,000. Finally, BlackRock Inc. raised its position in shares of Armour Residential REIT by 216.7% in the second quarter. BlackRock Inc. now owns 13,156 shares of the company’s stock worth $263,000 after buying an additional 9,002 shares in the last quarter. 40.54% of the stock is owned by institutional investors and hedge funds.
Armour Residential REIT Company Profile
ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).
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