ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on March 30th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, February 17th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.24 per share by the real estate investment trust on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date of this dividend is Monday, March 16th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.2%annually over the last three years. ARMOUR Residential REIT has a dividend payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Price Performance

Shares of NYSE:ARR opened at $17.68 on Thursday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 442.10 and a beta of 1.46. The firm’s 50 day simple moving average is $17.90 and its 200 day simple moving average is $16.56. ARMOUR Residential REIT has a fifty-two week low of $13.18 and a fifty-two week high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, February 18th. The real estate investment trust reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.03). The firm had revenue of $236.50 million during the quarter, compared to analyst estimates of $62.34 million. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%. Equities research analysts expect that ARMOUR Residential REIT will post 3.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARR. Compass Point started coverage on ARMOUR Residential REIT in a report on Monday, December 15th. They set a “buy” rating and a $18.50 target price on the stock. Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. JonesTrading raised ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 target price for the company in a research note on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.33.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.