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Analyzing ARMOUR Residential REIT Inc.(NYSE: ARR) Stock as a Disaster or Opportunity

In the latest trading session, 1.89 million ARMOUR Residential REIT Inc. (NYSE:ARR) shares changed hands as the company’s beta touched 1.22. With the company’s most recent per share price at $4.95 changing hands around $0.08 or 1.64% at last look, the market valuation stands at $1.12B. ARR’s current price is a discount, trading about -34.95% off its 52-week high of $6.68. The share price had its 52-week low at $4.38, which suggests the last value was 11.52% up since then. When we look at ARMOUR Residential REIT Inc.’s average trading volume, we note the 10-day average is 7.72 million shares, with the 3-month average coming to 7.38 million.

Analysts gave the ARMOUR Residential REIT Inc. (ARR) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ARR as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. ARMOUR Residential REIT Inc.’s EPS for the current quarter is expected to be $0.23.

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ARMOUR Residential REIT Inc. (NYSE:ARR) trade information

Instantly ARR is in green as seen in intraday trades today. With action 1.43%, the performance over the past five days has been green. The jump to weekly highs of 4.95 on Monday, 09/18/23 added 1.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -12.08%, with the 5-day performance at 1.43% in the green. However, in the 30-day time frame, ARMOUR Residential REIT Inc. (NYSE:ARR) is 6.68% up. Looking at the short shares, we see there were 17.31 million shares sold at short interest cover period of 2.42 days.

The consensus price target for the stock as assigned by Wall Street analysts is $6.00, meaning bulls need an upside of 17.5% from its recent market value. According to analyst projections, ARR’s forecast low is $6.00 with $6.00 as the target high. To hit the forecast high, the stock’s price needs a -21.21% plunge from its current level, while the stock would need to soar -21.21% for it to hit the projected low.

ARMOUR Residential REIT Inc. (ARR) estimates and forecasts

Data shows that the ARMOUR Residential REIT Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 2.91% over the past 6 months, a -15.52% in annual growth rate that is considerably lower than the industry average of -15.00%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for ARMOUR Residential REIT Inc. will fall -28.10%, while the growth in revenue is estimated to hit -14.80% for the next quarter. Year-over-year growth is forecast to reach -70.10% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $6.99 million. 2 analysts are of the opinion that ARMOUR Residential REIT Inc.’s revenue for the quarter ending Dec 2023 will be $7.48 million. The company’s revenue for the corresponding quarters a year ago was $25.14 million and $16.51 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -72.20%. The estimates for the next quarter sales put growth at -54.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -20.00%. The 2023 estimates are for ARMOUR Residential REIT Inc. earnings to decrease by -18.30%, but the outlook for the next 5-year period is at -11.36% per year.

ARR Dividends

ARMOUR Residential REIT Inc. is expected to release its next quarterly earnings report between October 24 and October 30. The 19.39% annual yield figure for the share gives it an annual dividend of 0.96. It is important to note, however, that the 19.39% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

ARMOUR Residential REIT Inc. (NYSE:ARR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.73% of ARMOUR Residential REIT Inc. shares while 47.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.18%. There are 47.83% institutions holding the ARMOUR Residential REIT Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 14.51% of the shares, roughly 33.12 million ARR shares worth $163.28 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 9.38% or 21.42 million shares worth $105.59 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 13.88 million shares estimated at $68.45 million under it, the former controlled 6.08% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.82% of the shares, roughly 6.43 million shares worth around $31.71 million.

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