Nomura Holdings Upgrades Armour Res. to Hold

By Ryan Adsit

In a report released today, Brock Vandervliet from Nomura Holdings upgraded Armour Res. (NYSE: ARR) to Hold. The company’s shares closed yesterday at $23.22, close to its 52-week high of $23.36.

According to TipRanks.com, Vandervliet is a 4-star analyst with an average return of 7.7% and a 73.0% success rate. Vandervliet covers the Financial sector, focusing on stocks such as Chimera Investment Corp., American Capital Agency, and Altisource Residential.

Armour Res. has an analyst consensus of Moderate Sell.

Based on Armour Res.’s latest earnings report from September 30, the company posted quarterly revenue of $58.37M and quarterly net profit of $118.7M. In comparison, last year the company earned revenue of $85.64M and had a net profit of -$221.6M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARR in relation to earlier this year. Most recently, in August 2016, Scott Ulm, the Co-CEO and CIO of ARR bought 5,000 shares for a total of $110,300.

ARMOUR Residential REIT, Inc. operates as a real estate investment trust, which invests in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. It also invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration. The company was founded on February 5, 2008 and is headquartered in Vero Beach, FL.