Stocks of ARMOUR Residential REIT Inc. (NYSE:ARR) traded higher last session on Wall Street, down -2.46% to $4.76.
According to the data, ARMOUR Residential REIT Inc. (NYSE:ARR) has 6 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $5.00, we find $5.50. Given the previous closing price of $4.88, this indicates a potential upside of 12.7 percent. ARR stock price is now -6.66% away from the 50-day moving average and -18.06% away from the 200-day moving average. The market capitalization of the company currently stands at $960.90M.
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A total of 5 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $6.50 as their price target over the next twelve months.
With the price target reduced from $11 to $9.50, B. Riley Securities maintained Neutral rating for ARMOUR Residential REIT Inc. (NYSE: ARR). On July 14, 2021, B. Riley Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $11.50, while ‘Ladenburg Thalmann’ rates the stock as ‘Neutral’.
In other news, Zimmer Jeffrey J, Co-CEO and President sold 33,378 shares of the company’s stock on Dec 22. The stock was sold for $194,313 at an average price of $5.82. Upon completion of the transaction, the Co-CEO and President now directly owns 193,476 shares in the company, valued at $0.92 million. Insiders disposed of 114,578 shares of company stock worth roughly $0.55 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARR stock. A new stake in ARMOUR Residential REIT Inc. shares was purchased by JUPITER ASSET MANAGEMENT LTD during the first quarter worth $14,332,000. TWO SIGMA INVESTMENTS, LP invested $5,133,000 in shares of ARR during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in ARMOUR Residential REIT Inc. valued at approximately $4,202,000. ERGOTELES LLC acquired a new stake in ARR for approximately $604,000. UBS ASSET MANAGEMENT AMERICAS INC purchased a new stake in ARR valued at around $591,000 in the second quarter. In total, there are 226 active investors with 52.30% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $4.8500 for ARMOUR Residential REIT Inc. (NYSE: ARR). During the past 12 months, ARMOUR Residential REIT Inc. has had a low of $4.38 and a high of $7.98. The fifty day moving average price for ARR is $5.0872 and a two-hundred day moving average price translates $5.7937 for the stock.
The latest earnings results from ARMOUR Residential REIT Inc. (NYSE: ARR) was released for Mar, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.27, inline with analysts’ expectations of $0.27. This compares to -$0.72 EPS in the same period last year. The company reported revenue of $118.23 million for the quarter, compared to $33.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 254.32 percent. For the current quarter, analysts expect ARR to generate $63.9M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/30/2023. Investors who held shares on 05/15/2023 were paid a $0.08 dividend. On an annualized basis, this represents a $0.96 dividend and a 20.17% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend.
ARMOUR Residential REIT Inc.(ARR) Company Profile
ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. The company’s 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. It also invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. The company has elected to be taxed as a real estate investment trust under the Internal Revenue Code. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was incorporated in 2008 and is based in Vero Beach, Florida.
