ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be paid a dividend of 0.19 per share by the real estate investment trust on Monday, November 27th. This represents a $2.28 annualized dividend and a yield of 9.42%. The ex-dividend date of this dividend is Tuesday, November 14th.
ARMOUR Residential REIT has decreased its dividend by an average of 22.5% annually over the last three years and has raised its dividend every year for the last 2 years. ARMOUR Residential REIT has a dividend payout ratio of 84.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect ARMOUR Residential REIT to earn $2.39 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.4%.
ARMOUR Residential REIT (NYSE ARR) opened at $24.21 on Monday. The company has a market capitalization of $1,013.64, a price-to-earnings ratio of 8.71 and a beta of 0.73. ARMOUR Residential REIT has a 12-month low of $20.29 and a 12-month high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The company had revenue of $39.64 million for the quarter, compared to the consensus estimate of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter in the prior year, the company posted $0.68 EPS. equities analysts predict that ARMOUR Residential REIT will post 2.69 earnings per share for the current year.
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In other news, COO Mark Gruber bought 4,000 shares of the stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $25.38 per share, for a total transaction of $101,520.00. Following the acquisition, the chief operating officer now owns 19,958 shares of the company’s stock, valued at $506,534.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 4,700 shares of company stock valued at $119,411 over the last quarter. Company insiders own 1.50% of the company’s stock.
Several equities analysts have commented on the company. ValuEngine raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th.
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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