ARMOUR Residential REIT Inc. (NYSE:ARR) shares traded -0.61% lower at $4.87 on Wall Street last session.
In accordance with the data, 3 analysts cover ARMOUR Residential REIT Inc. (NYSE:ARR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $4.90, this indicates a potential upside of 22.45 percent. ARR stock price is now -2.31% away from the 50-day moving average and -8.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
It has been rated a hold by 3 analysts and a buy by 0. Brokers who have rated the stock have averaged $6.00 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).
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 $0.94 million. Insiders disposed of 138,208 shares of company stock worth roughly $0.67 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 ADVISORS ASSET MANAGEMENT, INC. during the first quarter worth $1,209,000. ALLIANZ ASSET MANAGEMENT GMBH invested $847,000 in shares of ARR during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in ARMOUR Residential REIT Inc. valued at approximately $780,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in ARR for approximately $683,000. SQUAREPOINT OPS LLC purchased a new stake in ARR valued at around $305,000 in the second quarter. In total, there are 225 active investors with 52.30% ownership of the company’s stock.
ARMOUR Residential REIT Inc. (NYSE: ARR) opened at $4.8800 on Monday. During the past 12 months, ARMOUR Residential REIT Inc. has had a low of $4.38 and a high of $6.68. The fifty day moving average price for ARR is $4.9790 and a two-hundred day moving average price translates $5.3194 for the stock.
The latest earnings results from ARMOUR Residential REIT Inc. (NYSE: ARR) was released for Jun, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.23, missing analysts’ expectations of $0.24 by -0.01. This compares to -$0.58 EPS in the same period last year. The net profit margin was -36.10% and return on equity was -9.20% for ARR. The company reported revenue of $134.84 million for the quarter, compared to $48.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 178.35 percent. For the current quarter, analysts expect ARR to generate $6.99M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/30/2023. Investors who held shares on 08/15/2023 were paid a $0.08 dividend. On an annualized basis, this represents a $0.96 dividend and a 19.71% percent yield. There was an ex-dividend date of 08/14/2023 for this dividend.
