ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) announced a aug 25 dividend on Tuesday, July 22nd, RTT News reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Friday, August 29th. This represents a dividend yield of 17.2%. The ex-dividend date of this dividend is Friday, August 15th.
ARMOUR Residential REIT has a 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 tumble. Research 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
ARR traded up $0.12 on Friday, hitting $16.81. The company had a trading volume of 3,133,909 shares, compared to its average volume of 2,849,133. The company's fifty day moving average price is $16.55 and its 200 day moving average price is $17.17. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $21.08. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -70.02 and a beta of 1.36.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). The business had revenue of $84.19 million during the quarter, compared to the consensus estimate of $52.77 million. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. On average, sell-side analysts forecast that ARMOUR Residential REIT will post 3.8 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ARR. UBS Group restated a "neutral" rating and set a $16.00 price objective (up from $14.00) on shares of ARMOUR Residential REIT in a research report on Thursday, July 10th. Jones Trading restated a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. Finally, Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, ARMOUR Residential REIT currently has an average rating of "Hold" and a consensus target price of $18.50.
Check Out Our Latest Analysis on ARR
Hedge Funds Weigh In On ARMOUR Residential REIT
Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of ARMOUR Residential REIT by 38.2% during the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust's stock worth $13,800,000 after purchasing an additional 222,923 shares during the period. Royal Bank of Canada boosted its stake in shares of ARMOUR Residential REIT by 50.3% during the 1st quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust's stock worth $2,088,000 after acquiring an additional 40,860 shares during the period. Intech Investment Management LLC boosted its stake in shares of ARMOUR Residential REIT by 189.5% during the 1st quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust's stock worth $1,577,000 after acquiring an additional 60,371 shares during the period. AQR Capital Management LLC boosted its stake in shares of ARMOUR Residential REIT by 26.1% during the 1st quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust's stock worth $246,000 after acquiring an additional 2,980 shares during the period. Finally, Strs Ohio bought a new stake in ARMOUR Residential REIT in the 1st quarter valued at $181,000. Institutional investors and hedge funds own 54.17% of the company's stock.
ARMOUR Residential REIT Company Profile
(
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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.
Further Reading
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