Something not right with ARMOUR Residential REIT, Inc (NYSE:ARR)

Posted by Ryan Mandell August 20, 2013 0 Comment 1334 views


In Monday’s trading, ARMOUR Residential REIT, Inc (NYSE:ARR) shares touched a new 52-week low. In Monday’s trading session, the company stock dipped by 8.35%. The opening price of the shares was $44.10 which touched an intraday high of $4.11 and closed at $3.78. More than 17.34 million shares exchanged hands in Monday’s trading session while the average number of shares traded over the last 30 days was 5.33 million. The company has a market cap of 1.40 billion.

Investor-speak

Recently, numerous analysts have weighed in on the company’s shares. Barclays’ analysts cut their price-target on the shares on Monday, from $5.50 to $5.00 and now have set an “equal weight” rating on ARR stock. Keefe, Bruyette & Woods’ analysts axed their price-target from $7.00 to $5.00 on 5th August and Deutshe Bank analysts reduced their price target from $6.75 to $5.00 on July 17 and have set a “hold” rating on the stock.

One investment-analyst has assigned a “sell” rating in the stock while 5 have assigned a “hold” rating. Three analysts have assigned a “buy” rating and the average rating in the stock is “hold” while the consensus price target is $5.30. ARR has a 52 week low of $4.06 and a 52 week high of $7.71. The 50-day moving average of the stock is $4.45 while its 200 day moving-average is $5.70.

Earnings data

ARMOUR Residential REIT last released its earnings-data on Thursday 1 August. It reported earnings per share of $0.18 for the quarter which missed the average analysts estimate by $0.02. On an average the analyst projection is that the company will post earnings per share of $0.71 for the current financial year. The company is externally-managed by Armour residential REIT. It primarily invests in hybrid-adjustable rate, fixed-rate RMBS as well as adjustable rate ones.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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