JMP Securities Reaffirms Market Perform Rating for ARMOUR Residential REIT (NYSE:ARR)

JMP Securities reissued their market perform rating on shares of ARMOUR Residential REIT (NYSE:ARR) in a research report report published on Wednesday morning, Benzinga reports.

Other equities analysts also recently issued reports about the company. B. Riley raised their price objective on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a neutral rating in a research report on Monday, July 29th. StockNews.com cut shares of ARMOUR Residential REIT from a hold rating to a sell rating in a research report on Wednesday, August 21st. Finally, Janney Montgomery Scott assumed coverage on shares of ARMOUR Residential REIT in a report on Thursday, June 6th. They issued a neutral rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $19.83.

ARMOUR Residential REIT Price Performance

Shares of ARR opened at $20.45 on Wednesday. ARMOUR Residential REIT has a one year low of $13.31 and a one year high of $24.85. The company has a market cap of $996.73 million, a P/E ratio of -28.40 and a beta of 1.51. The firm has a 50 day simple moving average of $20.21 and a two-hundred day simple moving average of $19.47.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.09. The company had revenue of $129.93 million for the quarter, compared to the consensus estimate of $28.47 million. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. On average, analysts expect that ARMOUR Residential REIT will post 3.81 earnings per share for the current fiscal year.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.88 annualized dividend and a yield of 14.09%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -400.00%.

Hedge Funds Weigh In On ARMOUR Residential REIT

Institutional investors have recently modified their holdings of the business. LifePro Asset Management bought a new stake in ARMOUR Residential REIT during the second quarter worth $2,035,000. TrueMark Investments LLC bought a new stake in shares of ARMOUR Residential REIT during the 2nd quarter worth $1,692,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of ARMOUR Residential REIT in the 1st quarter worth about $1,549,000. Van ECK Associates Corp grew its position in ARMOUR Residential REIT by 15.8% during the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock valued at $6,768,000 after buying an additional 47,735 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in ARMOUR Residential REIT during the first quarter worth about $525,000. 54.17% of the stock is owned by institutional investors.

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.