BidaskClub Upgrades ARMOUR Residential REIT, Inc. (NYSE:ARR) to “Strong-Buy”

ARMOUR Residential REIT, Inc. (NYSE:ARR) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

ARR has been the subject of several other reports. TheStreet upgraded shares of ARMOUR Residential REIT from a “d” rating to a “c” rating in a research note on Wednesday, May 24th. ValuEngine upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating to the company’s stock. ARMOUR Residential REIT has an average rating of “Buy” and an average price target of $23.67.

ARMOUR Residential REIT (NYSE ARR) traded down 0.12% during trading on Thursday, hitting $25.90. The company had a trading volume of 46,988 shares. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 3.41 and a beta of 0.78. ARMOUR Residential REIT has a 52-week low of $20.29 and a 52-week high of $27.60. The firm’s 50 day moving average is $25.56 and its 200-day moving average is $24.06.

ARMOUR Residential REIT (NYSE:ARR) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $39.06 million during the quarter, compared to the consensus estimate of $34.53 million. ARMOUR Residential REIT had a net margin of 114.11% and a return on equity of 9.26%. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, equities analysts forecast that ARMOUR Residential REIT will post $2.68 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2797131/bidaskclub-upgrades-armour-residential-reit-inc-nysearr-to-strong-buy.html.

In related news, COO Mark Gruber acquired 2,000 shares of ARMOUR Residential REIT stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $25.33 per share, for a total transaction of $50,660.00. Following the purchase, the chief operating officer now directly owns 15,619 shares of the company’s stock, valued at approximately $395,629.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in ARMOUR Residential REIT by 1.1% in the second quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 69 shares during the period. Murphy Capital Management Inc. increased its position in ARMOUR Residential REIT by 2.6% in the first quarter. Murphy Capital Management Inc. now owns 13,536 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 344 shares during the period. Legal & General Group Plc increased its position in ARMOUR Residential REIT by 3.2% in the second quarter. Legal & General Group Plc now owns 11,643 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 364 shares during the period. Teachers Advisors LLC increased its position in ARMOUR Residential REIT by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 60,662 shares of the real estate investment trust’s stock worth $1,316,000 after buying an additional 1,154 shares during the period. Finally, American International Group Inc. increased its position in ARMOUR Residential REIT by 7.0% in the first quarter. American International Group Inc. now owns 22,617 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 1,482 shares during the period. Hedge funds and other institutional investors own 42.74% of the company’s stock.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Receive News & Ratings for ARMOUR Residential REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.