ARMOUR Residential REIT (NYSE:ARR) Issues Quarterly Earnings Results

ARMOUR Residential REIT (NYSE:ARR) released its earnings results on Wednesday. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01, Yahoo Finance reports. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%. The company had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million.

ARMOUR Residential REIT Trading Up 0.5 %

ARMOUR Residential REIT stock traded up $0.10 during trading hours on Friday, reaching $19.72. 525,021 shares of the company were exchanged, compared to its average volume of 1,123,139. ARMOUR Residential REIT has a 12 month low of $13.31 and a 12 month high of $21.93. The stock has a 50-day moving average of $20.20 and a 200 day moving average of $19.73. The firm has a market cap of $961.39 million, a price-to-earnings ratio of -27.26 and a beta of 1.50.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 annualized dividend and a dividend yield of 14.60%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -400.00%.

Wall Street Analyst Weigh In

ARR has been the subject of several research analyst reports. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, B. Riley boosted their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.83.

Insider Transactions at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton bought 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the purchase, the chairman now owns 24,040 shares of the company’s stock, valued at $477,434.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.

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.