ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives $18.50 Consensus Target Price from Analysts

ARMOUR Residential REIT, Inc. (NYSE:ARR) has received an average recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.50.

Several equities research analysts recently weighed in on the company. JonesTrading decreased their price objective on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, March 20th. UBS Group reiterated a “neutral” rating and set a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Wall Street Zen lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of ARMOUR Residential REIT by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,494 shares of the real estate investment trust’s stock valued at $1,531,000 after purchasing an additional 579 shares during the period. Allworth Financial LP boosted its stake in ARMOUR Residential REIT by 40.7% in the 4th quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 685 shares during the period. Ameritas Investment Partners Inc. grew its holdings in ARMOUR Residential REIT by 10.2% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 9,283 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 859 shares in the last quarter. Kovack Advisors Inc. grew its holdings in ARMOUR Residential REIT by 3.1% during the 3rd quarter. Kovack Advisors Inc. now owns 29,504 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 889 shares in the last quarter. Finally, Stephens Inc. AR increased its position in shares of ARMOUR Residential REIT by 5.0% during the fourth quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 915 shares during the period. 54.17% of the stock is currently owned by hedge funds and other institutional investors.

ARMOUR Residential REIT Trading Up 0.4%

ARMOUR Residential REIT stock opened at $17.62 on Monday. The business’s 50 day simple moving average is $17.24 and its 200 day simple moving average is $17.34. ARMOUR Residential REIT has a 12 month low of $13.98 and a 12 month high of $19.31. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 9.18 and a beta of 1.39.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The business had revenue of $70.71 million during the quarter, compared to the consensus estimate of $155.79 million. As a group, equities research analysts forecast that ARMOUR Residential REIT will post 2.82 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, May 15th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 16.3%. ARMOUR Residential REIT’s dividend payout ratio is currently 150.00%.

About ARMOUR Residential REIT

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.