ARMOUR Residential REIT, Inc. (NYSE:ARR) Declares $0.24 Monthly Dividend

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, May 28th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 16.8%. The ex-dividend date of this dividend is Monday, June 15th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%per year over the last three years. ARMOUR Residential REIT has a 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 decline. Research analysts expect ARMOUR Residential REIT to earn $3.00 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 96.0%.

ARMOUR Residential REIT Trading Up 0.6%

Shares of ARR stock opened at $17.13 on Friday. ARMOUR Residential REIT has a 12-month low of $13.98 and a 12-month high of $19.31. The stock’s 50-day moving average price is $17.04 and its 200-day moving average price is $17.42. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 8.92 and a beta of 1.39.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The firm had revenue of $70.71 million for the quarter, compared to analysts’ expectations of $155.79 million. As a group, research analysts predict that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal year.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several institutional investors have recently modified their holdings of ARR. Vanguard Group Inc. lifted its stake in shares of ARMOUR Residential REIT by 35.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,995,105 shares of the real estate investment trust’s stock valued at $179,207,000 after purchasing an additional 3,147,068 shares during the last quarter. Marshall Wace LLP raised its position in ARMOUR Residential REIT by 365.7% in the 3rd quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock worth $37,278,000 after purchasing an additional 1,959,447 shares during the period. UBS Group AG raised its position in ARMOUR Residential REIT by 115.9% in the 3rd quarter. UBS Group AG now owns 1,109,852 shares of the real estate investment trust’s stock worth $16,581,000 after purchasing an additional 595,773 shares during the period. First Trust Advisors LP raised its position in ARMOUR Residential REIT by 234.6% in the 1st quarter. First Trust Advisors LP now owns 664,247 shares of the real estate investment trust’s stock worth $11,080,000 after purchasing an additional 465,733 shares during the period. Finally, AQR Capital Management LLC raised its position in ARMOUR Residential REIT by 341.4% in the 4th quarter. AQR Capital Management LLC now owns 471,298 shares of the real estate investment trust’s stock worth $8,337,000 after purchasing an additional 364,515 shares during the period. 54.17% of the stock is owned by institutional investors.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.