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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Tuesday, April 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 16.32%. The ex-dividend date of this dividend is Tuesday, April 15th.

ARMOUR Residential REIT has a dividend payout ratio of 76.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect ARMOUR Residential REIT to earn $4.25 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 67.8%.

ARMOUR Residential REIT Stock Down 2.8 %

Shares of ARR stock traded down $0.52 during trading hours on Wednesday, hitting $17.65. 4,052,286 shares of the company were exchanged, compared to its average volume of 1,572,049. The firm has a fifty day moving average of $18.76 and a 200 day moving average of $19.15. ARMOUR Residential REIT has a 1 year low of $17.35 and a 1 year high of $21.93. The firm has a market cap of $1.77 billion, a PE ratio of -41.03 and a beta of 1.53.

Insider Buying and Selling

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stewart J. Paperin sold 24,852 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the sale, the director now owns 363 shares of the company’s stock, valued at approximately $6,817.14. This trade represents a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ARR shares. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research started coverage on ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating on the stock. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Finally, B. Riley raised ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, ARMOUR Residential REIT presently has a consensus rating of “Hold” and a consensus target price of $20.50.

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.