ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on February 14th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, February 27th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.30%. The ex-dividend date is Friday, February 14th.

ARMOUR Residential REIT has a dividend payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ARMOUR Residential REIT to earn $4.11 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 70.1%.

ARMOUR Residential REIT Trading Up 0.2 %

ARR opened at $18.83 on Friday. The stock has a fifty day moving average price of $18.82 and a 200 day moving average price of $19.58. ARMOUR Residential REIT has a 1 year low of $17.35 and a 1 year high of $21.93. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 7.98 and a beta of 1.47.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ARR shares. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th.

Insider Transactions at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the sale, the director now directly owns 363 shares of the company’s stock, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently 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.