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

ARMOUR Residential REIT (NYSE:ARR) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09, Yahoo Finance reports. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.34%. The business had revenue of $129.93 million during the quarter, compared to the consensus estimate of $28.47 million.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock traded up $0.29 during trading on Friday, hitting $20.47. The company’s stock had a trading volume of 1,439,996 shares, compared to its average volume of 1,089,599. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $26.90. The stock has a market cap of $997.91 million, a price-to-earnings ratio of -27.87 and a beta of 1.51. The stock has a 50-day moving average price of $19.73 and a two-hundred day moving average price of $19.32.

ARMOUR Residential REIT Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.88 annualized dividend and a dividend yield of 14.07%. ARMOUR Residential REIT’s dividend payout ratio is -399.99%.

Analyst Ratings Changes

ARR has been the topic of a number of research reports. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. Finally, Janney Montgomery Scott initiated coverage on shares of ARMOUR Residential REIT in a research note on Thursday, June 6th. They set a “neutral” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and an average price target of $19.50.

About ARMOUR Residential REIT

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.