ARMOUR Residential REIT (NYSE:ARR) Rating Increased to Hold at StockNews.com

by · The Markets Daily

ARMOUR Residential REIT (NYSE:ARR – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

ARR has been the subject of several other reports. B. Riley increased their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 29th. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.83.

View Our Latest Stock Report on ARMOUR Residential REIT

ARMOUR Residential REIT Trading Down 1.1 %

Shares of ARR traded down $0.23 during midday trading on Friday, reaching $19.40. The stock had a trading volume of 1,658,525 shares, compared to its average volume of 1,128,614. The company’s 50-day moving average is $20.18 and its 200 day moving average is $19.73. ARMOUR Residential REIT has a 12-month low of $13.31 and a 12-month high of $21.93. The company has a market capitalization 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. Research analysts forecast that ARMOUR Residential REIT will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton purchased 10,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the transaction, the chairman now directly owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in ARMOUR Residential REIT by 67.8% during the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 555 shares during the last quarter. Texas Permanent School Fund Corp raised its position in ARMOUR Residential REIT by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 42,654 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 561 shares during the last quarter. Parisi Gray Wealth Management raised its position in shares of ARMOUR Residential REIT by 6.0% in the 2nd 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 in the last quarter. Global Retirement Partners LLC raised its position in shares of ARMOUR Residential REIT by 5.4% in the 3rd quarter. Global Retirement Partners LLC now owns 28,941 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of ARMOUR Residential REIT by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,496 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 1,707 shares in the last quarter. Institutional investors own 54.17% of the company’s stock.

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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