ARMOUR Residential REIT (NYSE:ARR) Share Price Crosses Above 200 Day Moving Average of $19.38

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.38 and traded as high as $20.25. ARMOUR Residential REIT shares last traded at $20.10, with a volume of 1,036,961 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ARR shares. B. Riley lifted their price target on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th. Finally, Janney Montgomery Scott initiated coverage on ARMOUR Residential REIT in a research report on Thursday, June 6th. They issued a "neutral" rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.83.

ARMOUR Residential REIT Stock Down 0.6 %

The company has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $19.38. The stock has a market cap of $973.82 million, a P/E ratio of -27.74 and a beta of 1.51.

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

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.42%. ARMOUR Residential REIT's dividend payout ratio is presently -400.00%.

Hedge Funds Weigh In On ARMOUR Residential REIT

A number of hedge funds and other institutional investors have recently made changes to their positions in ARR. Global Retirement Partners LLC raised its holdings in ARMOUR Residential REIT by 454.7% in the first 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 in the last quarter. Quadrant Capital Group LLC raised its holdings in 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 worth $48,000 after purchasing an additional 1,050 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of ARMOUR Residential REIT in the second quarter worth $99,000. Strs Ohio purchased a new stake in shares of ARMOUR Residential REIT in the fourth quarter worth $187,000. Finally, Parisi Gray Wealth Management grew its stake in shares of ARMOUR Residential REIT by 6.0% in the second quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust's stock worth $310,000 after acquiring an additional 900 shares during the last quarter. 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.