ARMOUR Residential REIT (ARR) Set to Announce Quarterly Earnings on Wednesday

ARMOUR Residential REIT (NYSE:ARR) will post its quarterly earnings results on Wednesday, April 24th.

ARMOUR Residential REIT Trading Up 1.0 %

Shares of NYSE ARR opened at $18.36 on Tuesday. The business’s 50 day moving average price is $19.03 and its 200-day moving average price is $18.46. ARMOUR Residential REIT has a fifty-two week low of $13.31 and a fifty-two week high of $27.00.

ARMOUR Residential REIT Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, April 12th. This represents a $2.88 annualized dividend and a yield of 15.69%. ARMOUR Residential REIT’s payout ratio is currently -150.78%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. Its 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.