ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on December 15th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, November 26th. Investors of record on Monday, December 15th will be given a dividend of 0.24 per share by the real estate investment trust on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 17.0%. The ex-dividend date of this dividend is Monday, December 15th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.2%per year over the last three years. ARMOUR Residential REIT has a dividend payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect ARMOUR Residential REIT to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 67.8%.

ARMOUR Residential REIT Trading Down 0.3%

ARR traded down $0.04 during trading on Friday, reaching $16.91. The stock had a trading volume of 3,636,635 shares, compared to its average volume of 2,683,620. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 422.68 and a beta of 1.45. The stock’s 50 day moving average is $16.49 and its two-hundred day moving average is $16.11. ARMOUR Residential REIT has a one year low of $13.18 and a one year high of $19.48.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $210.90 million during the quarter, compared to analysts’ expectations of $63.25 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.During the same period in the prior year, the company earned $1.00 earnings per share. On average, equities research analysts predict that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARR. UBS Group reaffirmed a “neutral” rating and set a $16.00 target price on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.00.

ARMOUR Residential REIT Company Profile

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.