Gold prices edge higher with focus on Ukraine-Russia, Jackson Hole
In a challenging market environment, ARMOUR Residential REIT, Inc. (NYSE:ARR) stock has touched a new 52-week low, dipping to $15.68. This latest price level reflects a significant downturn from the company’s performance over the past year, with the stock experiencing a 1-year change decrease of -21.85%. The $1.54B market cap REIT currently offers an attractive 17.56% dividend yield, and InvestingPro analysis indicates the stock is in oversold territory. Analysts maintain price targets between $19-21, suggesting potential upside, with EPS projected at $2.48 for 2025. Investors are closely monitoring the stock as it navigates through the current economic headwinds, assessing the potential for recovery or further declines in the coming months. The 52-week low serves as a critical point of reference for the company’s valuation and investor sentiment. For deeper insights into ARR’s valuation and 8 additional key ProTips, explore InvestingPro’s comprehensive analysis.
In other recent news, ARMOUR Residential REIT Inc. reported its fourth-quarter 2024 earnings, which fell short of analysts’ expectations. The company posted an earnings per share (EPS) of $0.78, missing the forecasted $0.97, and revenue came in at $49.5 million, below the anticipated $66.67 million. Despite these misses, ARMOUR Residential has indicated plans for margin improvements and growth in cloud services in 2025. Meanwhile, ArribaTech reported an all-time high revenue of NOK 151 million for the fourth quarter, marking a 5.2% increase from the same period last year. The company also raised NOK 41 million in gross proceeds from a share issue and is in advanced negotiations to divest certain business units. ArribaTech has implemented a cost efficiency program, reducing its workforce by 25 full-time equivalents and downsizing its corporate head office by 70%. The company anticipates these measures will lead to improved margins and positive cash flow in 2025. Additionally, ArribaTech’s recurring revenue now accounts for 43% of its total revenue, reflecting a 17% increase compared to the previous year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.