ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on June 14th

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Rating) declared a monthly dividend on Monday, May 23rd, Zacks reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.10 per share by the real estate investment trust on Wednesday, June 29th. This represents a $1.20 annualized dividend and a yield of 15.96%. The ex-dividend date of this dividend is Tuesday, June 14th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 19.3% per year over the last three years. ARMOUR Residential REIT has a dividend payout ratio of 115.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect ARMOUR Residential REIT to earn $1.08 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 111.1%.

ARMOUR Residential REIT stock traded up $0.04 during trading hours on Wednesday, hitting $7.52. The stock had a trading volume of 67,045 shares, compared to its average volume of 2,563,045. The stock has a market capitalization of $775.84 million, a P/E ratio of -4.63 and a beta of 0.99. ARMOUR Residential REIT has a 12-month low of $7.14 and a 12-month high of $12.29. The stock’s 50-day moving average price is $7.86 and its 200-day moving average price is $8.91.

ARMOUR Residential REIT (NYSE:ARRGet Rating) last issued its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. ARMOUR Residential REIT had a negative net margin of 128.09% and a positive return on equity of 8.60%. As a group, equities analysts forecast that ARMOUR Residential REIT will post 1.08 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on ARR shares. Credit Suisse Group decreased their price objective on shares of ARMOUR Residential REIT from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 10th. Barclays decreased their price objective on shares of ARMOUR Residential REIT from $9.00 to $8.00 in a report on Wednesday, April 27th. Zacks Investment Research raised shares of ARMOUR Residential REIT from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective for the company in a report on Tuesday, May 3rd. StockNews.com assumed coverage on shares of ARMOUR Residential REIT in a report on Thursday, March 31st. They set a “sell” rating for the company. Finally, B. Riley cut their target price on shares of ARMOUR Residential REIT from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Tuesday, February 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.75.

Several institutional investors and hedge funds have recently bought and sold shares of ARR. PNC Financial Services Group Inc. boosted its position in shares of ARMOUR Residential REIT by 66.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,901 shares during the period. First Trust Advisors LP bought a new position in shares of ARMOUR Residential REIT in the first quarter worth approximately $97,000. Guggenheim Capital LLC bought a new position in shares of ARMOUR Residential REIT in the fourth quarter worth approximately $110,000. LPL Financial LLC bought a new position in shares of ARMOUR Residential REIT in the fourth quarter worth approximately $116,000. Finally, Bridgefront Capital LLC bought a new position in shares of ARMOUR Residential REIT in the first quarter worth approximately $124,000. Institutional investors and hedge funds own 51.92% of the company’s stock.

About ARMOUR Residential REIT (Get Rating)

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

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Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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