ARMOUR Residential REIT (NYSE:ARR) Announces Earnings Results

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) released its earnings results on Wednesday. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.04), Zacks reports. ARMOUR Residential REIT had a positive return on equity of 16.43% and a negative net margin of 4.55%. The business had revenue of $84.19 million for the quarter, compared to analysts' expectations of $52.77 million.

ARMOUR Residential REIT Stock Performance

Shares of ARR stock traded up $0.12 during trading hours on Friday, reaching $16.81. The company had a trading volume of 3,133,884 shares, compared to its average volume of 2,744,249. ARMOUR Residential REIT has a twelve month low of $13.18 and a twelve month high of $21.08. The company has a market capitalization of $1.37 billion, a P/E ratio of -70.02 and a beta of 1.36. The stock's fifty day simple moving average is $16.55 and its 200 day simple moving average is $17.18.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.24 dividend. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 17.2%. ARMOUR Residential REIT's dividend payout ratio (DPR) is -822.86%.

Institutional Investors Weigh In On ARMOUR Residential REIT

A number of large investors have recently modified their holdings of ARR. Strs Ohio acquired a new stake in shares of ARMOUR Residential REIT in the first quarter valued at about $181,000. AQR Capital Management LLC grew its stake in shares of ARMOUR Residential REIT by 26.1% in the first quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust's stock valued at $246,000 after buying an additional 2,980 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of ARMOUR Residential REIT by 189.5% in the first quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust's stock valued at $1,577,000 after buying an additional 60,371 shares in the last quarter. Royal Bank of Canada grew its stake in shares of ARMOUR Residential REIT by 50.3% in the first quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust's stock valued at $2,088,000 after buying an additional 40,860 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of ARMOUR Residential REIT by 38.2% in the first quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust's stock valued at $13,800,000 after buying an additional 222,923 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ARR. Jones Trading restated a "hold" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 24th. Janney Montgomery Scott upgraded ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a report on Monday, April 28th. Finally, UBS Group restated a "neutral" rating and issued a $16.00 price objective (up from $14.00) on shares of ARMOUR Residential REIT in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $18.50.

About ARMOUR Residential REIT

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.