ARMOUR Residential REIT (ARR) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on ARMOUR Residential REIT. Shares were Reiterated by Deutsche Bank on May 3, 2016 to “Hold” and Lowered the Price Target to $ 21 from a previous price target of $24 .ARMOUR Residential REIT was Downgraded by Nomura to ” Reduce” on Feb 24, 2016. Shares were Reiterated by Deutsche Bank on Feb 23, 2016 to “Hold” and Lowered the Price Target to $ 24 from a previous price target of $24.50 .
On the company’s financial health, ARMOUR Residential REIT reported $0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $0.91.Analysts expectations of $ 46.11.During the same quarter in the previous year, the company posted $0.08 EPS.
ARMOUR Residential REIT closed down -0.23 points or -1.08% at $21.05 with 8,10,259 shares getting traded on Monday. Post opening the session at $21.28, the shares hit an intraday low of $20.85 and an intraday high of $21.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 9, 2015, Carolyn Downey (director) purchased 17,000 shares at $3.19 per share price. According to the SEC, on Feb 26, 2015, Jeffrey J Zimmer (CEO) purchased 100,000 shares at $3.16 per share price. On Jan 22, 2015, Marc H Bell (director) sold 1,756,792 shares at $3.38 per share price, according to the Form-4 filing with the securities and exchange commission.
ARMOUR Residential REIT Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities. The Company’s securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is authorized to invest in Agency Securities and Non-Agency Securities backed by fixed rate hybrid adjustable rate and adjustable rate home loans as well as unsecured notes and bonds issued by United States Government-sponsored entity (GSE) Treasuries and money market instruments. The Company’s investment securities are issued or guaranteed by the United States Government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae). The Company is externally managed by ARMOUR Capital Management LP (ACM) an investment advisor.