ARMOUR Residential REIT (NYSE:ARR) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

ARMOUR Residential REIT (NYSE:ARR) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.09, Yahoo Finance reports. The company had revenue of $129.93 million during the quarter, compared to analysts’ expectations of $28.47 million. ARMOUR Residential REIT had a positive return on equity of 15.68% and a negative net margin of 3.83%.

ARMOUR Residential REIT Stock Down 2.4 %

ARR stock traded down $0.49 during midday trading on Thursday, hitting $20.19. The company’s stock had a trading volume of 1,248,146 shares, compared to its average volume of 1,083,196. The stock’s 50-day moving average price is $19.71 and its 200 day moving average price is $19.31. ARMOUR Residential REIT has a 1 year low of $13.31 and a 1 year high of $26.90. The stock has a market cap of $984.26 million, a price-to-earnings ratio of -28.40 and a beta of 1.51.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.88 annualized dividend and a yield of 14.26%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -399.99%.

Wall Street Analyst Weigh In

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

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.