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

ARMOUR Residential REIT (NYSE:ARR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities analysts have also issued reports on ARR. B. Riley increased their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, ARMOUR Residential REIT has a consensus rating of “Hold” and a consensus price target of $19.83.

ARMOUR Residential REIT Price Performance

Shares of ARR stock opened at $19.39 on Friday. The company has a 50-day moving average of $20.18 and a two-hundred day moving average of $19.73. The firm has a market cap of $945.65 million, a PE ratio of -7.00 and a beta of 1.50. ARMOUR Residential REIT has a 1-year low of $13.31 and a 1-year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) 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 analysts’ consensus estimates of $0.99 by $0.01. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%. The firm had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. Sell-side analysts anticipate that ARMOUR Residential REIT will post 3.81 EPS for the current fiscal year.

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of $19.86 per share, with a total value of $198,600.00. Following the transaction, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ARMOUR Residential REIT

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in ARMOUR Residential REIT by 67.8% in the third 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 period. Summit Securities Group LLC purchased a new position in shares of ARMOUR Residential REIT during the 2nd quarter worth approximately $99,000. Squarepoint Ops LLC acquired a new stake in shares of ARMOUR Residential REIT in the 2nd quarter valued at approximately $221,000. Creative Planning boosted its stake in shares of ARMOUR Residential REIT by 19.7% in the third quarter. Creative Planning now owns 14,057 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 2,311 shares in the last quarter. Finally, Parisi Gray Wealth Management grew its holdings 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 acquiring an additional 900 shares during the period. Institutional investors and hedge funds 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.