StockNews.com Upgrades ARMOUR Residential REIT (NYSE:ARR) to Hold

StockNews.com upgraded shares of ARMOUR Residential REIT (NYSE:ARR) from a sell rating to a hold rating in a report released on Tuesday morning.

Other equities research analysts have also issued research reports about the stock. JMP Securities restated a market perform rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. B. Riley raised their price target on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a neutral rating in a research note on Monday, July 29th. Finally, Janney Montgomery Scott began coverage on shares of ARMOUR Residential REIT in a research note on Thursday, June 6th. They set a neutral rating and a $20.00 price target for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $19.83.

ARMOUR Residential REIT Stock Performance

NYSE:ARR opened at $19.90 on Tuesday. The firm has a market cap of $970.16 million, a price-to-earnings ratio of -27.64 and a beta of 1.51. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $25.40. The firm has a 50-day moving average price of $20.02 and a two-hundred day moving average price of $19.38.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. The firm had revenue of $129.93 million during the quarter, compared to analyst estimates of $28.47 million. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. As a group, sell-side analysts forecast that ARMOUR Residential REIT will post 3.81 earnings per share for the current year.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.47%. The ex-dividend date is Thursday, August 15th. ARMOUR Residential REIT’s dividend payout ratio is currently -400.00%.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of large investors have recently added to or reduced their stakes in ARR. Global Retirement Partners LLC raised its position in ARMOUR Residential REIT by 454.7% in the 1st quarter. Global Retirement Partners LLC now owns 1,664 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,364 shares during the period. Quadrant Capital Group LLC increased its position in shares of ARMOUR Residential REIT by 74.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 1,050 shares during the period. Summit Securities Group LLC purchased a new position in shares of ARMOUR Residential REIT in the second quarter valued at about $99,000. Strs Ohio purchased a new position in shares of ARMOUR Residential REIT in the fourth quarter valued at about $187,000. Finally, Squarepoint Ops LLC purchased a new position in shares of ARMOUR Residential REIT in the second quarter valued at about $221,000. Hedge funds and other institutional investors own 54.17% of the company’s stock.

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.