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

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72, Zacks reports. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The business had revenue of $113.29 million during the quarter, compared to the consensus estimate of $111.98 million.

ARMOUR Residential REIT Trading Down 0.4%

Shares of NYSE ARR opened at $16.36 on Thursday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 8.52 and a beta of 1.36. ARMOUR Residential REIT has a 12 month low of $13.98 and a 12 month high of $19.31. The stock has a 50-day moving average price of $16.94 and a two-hundred day moving average price of $17.38.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be given a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date is Monday, August 17th. ARMOUR Residential REIT’s payout ratio is currently 150.00%.

More ARMOUR Residential REIT News

Here are the key news stories impacting ARMOUR Residential REIT this week:

• Positive Sentiment: ARMOUR Residential REIT reported second-quarter earnings of $0.72 per share, matching Wall Street expectations, while revenue of $113.29 million came in above estimates. The earnings beat and revenue upside suggest operating results were better than feared. Article Title
• Positive Sentiment: Analysts now assign ARMOUR Residential REIT an average price target of $18.50, which is above the current share price and implies some upside if performance holds. Article Title
• Positive Sentiment: Zacks Research upgraded ARR from “strong sell” to “hold,” a modest but constructive shift in sentiment after the earnings release. Article Title
• Positive Sentiment: The company also announced its August monthly dividend, reinforcing ARR’s appeal to income-focused investors and supporting the stock’s high yield profile. Article Title
• Neutral Sentiment: ARMOUR Residential REIT held a scheduled Q2 webcast and published its quarterly financial position update, which is standard post-earnings disclosure and unlikely by itself to move the stock materially. Article Title

Analysts Set New Price Targets

Several equities analysts have commented on ARR shares. JonesTrading decreased their target price on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, June 17th. Finally, UBS Group reissued a “neutral” rating and issued a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.50.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of hedge funds have recently made changes to their positions in ARR. Quarry LP grew its stake in shares of ARMOUR Residential REIT by 620.6% during the third quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,570 shares during the last quarter. Danske Bank A S bought a new position in shares of ARMOUR Residential REIT in the 3rd quarter valued at $42,000. Raymond James Financial Inc. bought a new position in shares of ARMOUR Residential REIT in the 2nd quarter valued at $55,000. Russell Investments Group Ltd. boosted its holdings in shares of ARMOUR Residential REIT by 80.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 1,471 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of ARMOUR Residential REIT by 366.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,404 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 5,816 shares in the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

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.