ARMOUR Residential REIT, Inc. (NYSE:ARR) Receives Average Recommendation of “Hold” from Analysts

Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.88.

Several brokerages have issued reports on ARR. Credit Suisse Group upgraded shares of ARMOUR Residential REIT from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $9.00 to $9.50 in a report on Tuesday, May 26th. Barclays restated a “sell” rating and issued a $8.00 price target (down from $19.00) on shares of ARMOUR Residential REIT in a report on Wednesday, April 29th. ValuEngine cut shares of ARMOUR Residential REIT from a “sell” rating to a “strong sell” rating in a report on Thursday, April 2nd. Nomura restated a “hold” rating and issued a $12.00 price target on shares of ARMOUR Residential REIT in a report on Thursday, April 30th. Finally, Zacks Investment Research cut shares of ARMOUR Residential REIT from a “buy” rating to a “sell” rating in a report on Friday, May 8th.

ARMOUR Residential REIT stock traded up $0.47 during midday trading on Friday, hitting $9.49. 1,270,100 shares of the company’s stock were exchanged, compared to its average volume of 1,516,432. ARMOUR Residential REIT has a 12 month low of $4.95 and a 12 month high of $21.15. The firm has a 50-day moving average of $8.40 and a two-hundred day moving average of $13.51. The company has a market cap of $590.35 million, a PE ratio of -1.01 and a beta of 1.04.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 12.64%. The ex-dividend date of this dividend is Monday, September 14th. ARMOUR Residential REIT’s payout ratio is currently 47.58%.

In other ARMOUR Residential REIT news, insider Mark Gruber purchased 3,000 shares of ARMOUR Residential REIT stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $8.80 per share, with a total value of $26,400.00. Following the transaction, the insider now owns 54,890 shares of the company’s stock, valued at approximately $483,032. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Ulm purchased 10,000 shares of ARMOUR Residential REIT stock in a transaction on Monday, April 6th. The shares were acquired at an average cost of $6.90 per share, with a total value of $69,000.00. Following the completion of the transaction, the chief executive officer now directly owns 154,864 shares in the company, valued at approximately $1,068,561.60. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of ARR. California Public Employees Retirement System raised its position in ARMOUR Residential REIT by 12.9% during the 4th quarter. California Public Employees Retirement System now owns 139,082 shares of the real estate investment trust’s stock worth $2,485,000 after buying an additional 15,900 shares during the last quarter. Victory Capital Management Inc. raised its position in ARMOUR Residential REIT by 198.3% during the 4th quarter. Victory Capital Management Inc. now owns 27,300 shares of the real estate investment trust’s stock worth $526,000 after buying an additional 18,149 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of ARMOUR Residential REIT by 5.0% during the 4th quarter. Rhumbline Advisers now owns 198,410 shares of the real estate investment trust’s stock valued at $3,546,000 after purchasing an additional 9,371 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of ARMOUR Residential REIT by 22.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,038 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of ARMOUR Residential REIT by 1.0% during the 4th quarter. Swiss National Bank now owns 113,212 shares of the real estate investment trust’s stock valued at $2,023,000 after purchasing an additional 1,100 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

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Analyst Recommendations for ARMOUR Residential REIT (NYSE:ARR)

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