ARMOUR Residential REIT (NYSE:ARR) Releases Earnings Results, Hits Estimates

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71, Zacks reports. The business had revenue of $121.70 million for the quarter, compared to analysts’ expectations of $119.84 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%.

ARMOUR Residential REIT Stock Up 0.9%

Shares of ARMOUR Residential REIT stock opened at $12.79 on Thursday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 3.44 and a beta of 1.42. The company has a 50 day moving average price of $14.96 and a 200 day moving average price of $16.30. ARMOUR Residential REIT has a 52 week low of $12.27 and a 52 week high of $19.31.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 16th. This represents a $2.88 annualized dividend and a dividend yield of 22.5%. ARMOUR Residential REIT’s dividend payout ratio is 77.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Zacks Research upgraded shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ARMOUR Residential REIT currently has an average rating of “Hold” and an average price target of $18.50.

Insider Buying and Selling

In other ARMOUR Residential REIT news, Chairman Daniel Staton sold 35,583 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $15.86, for a total transaction of $564,346.38. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.19% of the stock is owned by company insiders.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust that invests primarily in residential mortgage-backed securities. Its portfolio generally consists of securities issued or guaranteed by U.S. government-sponsored enterprises, including Fannie Mae and Freddie Mac, or by U.S. government agencies such as Ginnie Mae.

The company invests in a range of agency mortgage securities, including fixed-rate and adjustable-rate mortgage pass-through securities, collateralized mortgage obligations, specified pools and to-be-announced securities.