ARMOUR Residential REIT (NYSE:ARR) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

ARMOUR Residential REIT Stock Down 1.2 %

Shares of NYSE ARR traded down $0.23 during trading on Friday, reaching $19.39. The company had a trading volume of 1,658,757 shares, compared to its average volume of 1,128,614. The stock has a market cap of $945.30 million, a P/E ratio of -26.94 and a beta of 1.50. The company’s fifty day moving average price is $20.18 and its 200-day moving average price is $19.73. ARMOUR Residential REIT has a 12 month low of $13.31 and a 12 month high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 dividend on an annualized basis and a yield of 14.85%. ARMOUR Residential REIT’s payout ratio is -400.00%.

Wall Street Analysts Forecast Growth

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. B. Riley upped their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.83.

Insider Transactions at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the transaction, the chairman now owns 24,040 shares of the company’s stock, valued at $477,434.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.