ARMOUR Residential REIT (NYSE:ARR - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.
Several other analysts have also issued reports on the company. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. B. Riley boosted their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, ARMOUR Residential REIT presently has an average rating of "Hold" and a consensus target price of $19.83.
Read Our Latest Stock Analysis on ARR
ARMOUR Residential REIT Stock Down 1.1 %
ARR stock traded down $0.23 during midday trading on Friday, hitting $19.40. The company's stock had a trading volume of 1,658,525 shares, compared to its average volume of 1,128,614. The stock's 50-day moving average price is $20.18 and its 200 day moving average price is $19.73. ARMOUR Residential REIT has a 1 year low of $13.31 and a 1 year high of $21.93. The stock has a market cap of $945.55 million, a price-to-earnings ratio of -26.94 and a beta of 1.50.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. The business had revenue of $127.06 million for the quarter, compared to analysts' expectations of $10.95 million. As a group, equities analysts forecast that ARMOUR Residential REIT will post 3.81 earnings per share for the current fiscal year.
Insider Activity at ARMOUR Residential REIT
In related news, Chairman Daniel C. Staton acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, October 3rd. The shares were bought at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the purchase, the chairman now owns 24,040 shares in the company, valued at $477,434.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by corporate insiders.
Institutional Trading of ARMOUR Residential REIT
A number of hedge funds and other institutional investors have recently made changes to their positions in ARR. Signaturefd LLC grew its position in ARMOUR Residential REIT by 67.8% during the third quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust's stock worth $28,000 after buying an additional 555 shares in the last quarter. Texas Permanent School Fund Corp grew its position in ARMOUR Residential REIT by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust's stock worth $843,000 after buying an additional 561 shares in the last quarter. Parisi Gray Wealth Management grew its position in ARMOUR Residential REIT by 6.0% during the second quarter. Parisi Gray Wealth Management now owns 16,000 shares of the real estate investment trust's stock worth $310,000 after buying an additional 900 shares in the last quarter. Global Retirement Partners LLC grew its position in ARMOUR Residential REIT by 5.4% during the third quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust's stock worth $590,000 after buying an additional 1,490 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in ARMOUR Residential REIT by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust's stock worth $544,000 after buying an additional 1,707 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors.
ARMOUR Residential REIT Company Profile
(
Get Free Report)
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.
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