ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, February 27th, Wall Street Journal reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, March 28th. This represents a $2.28 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend is Wednesday, March 14th.
ARMOUR Residential REIT has decreased its dividend payment by an average of 22.0% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. ARMOUR Residential REIT has a dividend payout ratio of 84.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect ARMOUR Residential REIT to earn $2.45 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 93.1%.
Shares of ARMOUR Residential REIT (NYSE ARR) traded down $0.03 during mid-day trading on Wednesday, reaching $22.66. The company had a trading volume of 593,678 shares, compared to its average volume of 530,022. ARMOUR Residential REIT has a 12 month low of $21.33 and a 12 month high of $27.60. The stock has a market capitalization of $955.86, a price-to-earnings ratio of 5.52 and a beta of 0.60.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. ARMOUR Residential REIT had a return on equity of 12.51% and a net margin of 65.90%. During the same period last year, the business earned $0.71 earnings per share. sell-side analysts forecast that ARMOUR Residential REIT will post 2.75 EPS for the current fiscal year.
In other news, CFO James R. Mountain acquired 4,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $22.99 per share, for a total transaction of $91,960.00. Following the completion of the acquisition, the chief financial officer now owns 23,579 shares in the company, valued at $542,081.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mark Gruber acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was purchased at an average price of $22.70 per share, with a total value of $45,400.00. Following the acquisition, the chief operating officer now owns 22,300 shares of the company’s stock, valued at approximately $506,210. The disclosure for this purchase can be found here. Insiders purchased 12,500 shares of company stock valued at $283,740 in the last ninety days. 1.50% of the stock is currently owned by insiders.
Separately, Zacks Investment Research lowered ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.
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About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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