At the time of writing, ARMOUR Residential REIT Inc [ARR] stock is trading at $19.34, down -0.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARR shares have gain 1.68% over the last week, with a monthly amount glided 0.10%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, ARMOUR Residential REIT, Inc. Confirms April 2024 Common Share and Series C Preferred Share Dividends. In a post published today on Yahoo Finance, ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today confirmed the April 2024 cash dividend for the Company’s Common Stock consistent with the previous guidance which the Company released on March 25, 2024. The Company also confirmed the Q2 2024 monthly cash dividend rate for the Company’s Series C Preferred Stock.
From an analyst’s perspective:
ARMOUR Residential REIT Inc [NYSE: ARR] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $18.50. Previously, B. Riley Securities reaffirmed its Neutral rating on February 22, 2022, and dropped its price target to $9.50. On July 14, 2021, B. Riley Securities initiated with a Neutral rating and assigned a price target of $11.50 on the stock. Ladenburg Thalmann downgraded its rating to a Neutral. Credit Suisse upgraded its rating to a Neutral and raised its price target to $9.50 on May 26, 2020. Ladenburg Thalmann upgraded its rating to Buy for this stock on October 24, 2019, but kept the price target unchanged to $18. In a note dated March 27, 2019, Nomura initiated an Neutral rating.
For the past year, the stock price of ARMOUR Residential REIT Inc fluctuated between $13.31 and $27.08. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. ARMOUR Residential REIT Inc [NYSE: ARR] shares were valued at $19.34 at the most recent close of the market. An investor can expect a potential drop of -40.54% based on the average ARR price forecast.
Analyzing the ARR fundamentals
According to ARMOUR Residential REIT Inc [NYSE:ARR], the company’s sales were 449.68M for trailing twelve months, which represents an 326.60% jump. Gross Profit Margin for this corporation currently stands at -1.53% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.78%, and Net Profit Margin reading is -0.81%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.06 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of7.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.20 points at the first support level, and at 19.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.46, and for the 2nd resistance point, it is at 19.59.
ARMOUR Residential REIT Inc [ARR] reported earnings per share of $1.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1/share, meaning a difference of $0.07 and a surprise factor of 7.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.08 per share as compared to estimates of $1.15 per share, a difference of -$0.07 representing a surprise of -6.10%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 0.74.
Transactions by insiders
Recent insider trading involved STATON DANIEL C, Chairman of the Board, that happened on Dec 29 ’23 when 61682.0 shares were sold. Chief Financial Officer, MOUNTAIN JAMES R completed a deal on Nov 21 ’23 to sell 740.0 shares.
