ARMOUR Residential REIT (NYSE:ARR) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.81 by ($0.04), Zacks reports. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%. The business had revenue of $84.19 million for the quarter, compared to the consensus estimate of $52.77 million.

ARMOUR Residential REIT Price Performance

Shares of ARMOUR Residential REIT stock traded up $0.12 during trading on Friday, reaching $16.81. 3,133,909 shares of the company traded hands, compared to its average volume of 2,849,133. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $21.08. The company has a 50 day moving average price of $16.55 and a 200-day moving average price of $17.15. The firm has a market capitalization of $1.54 billion, a PE ratio of -70.02 and a beta of 1.36.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, August 15th. This represents a dividend yield of 17.2%. ARMOUR Residential REIT's payout ratio is presently -1,200.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in ARMOUR Residential REIT during the first quarter valued at approximately $181,000. AQR Capital Management LLC increased 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 worth $246,000 after buying an additional 2,980 shares during the period. Intech Investment Management LLC increased 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 worth $1,577,000 after buying an additional 60,371 shares during the period. Royal Bank of Canada increased 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 worth $2,088,000 after buying an additional 40,860 shares during the period. Finally, Goldman Sachs Group Inc. increased 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 worth $13,800,000 after buying an additional 222,923 shares during the period. Institutional investors and hedge funds own 54.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ARR shares. UBS Group reissued a "neutral" rating and set a $16.00 target price (up previously from $14.00) on shares of ARMOUR Residential REIT in a research note on Thursday, July 10th. Janney Montgomery Scott raised shares of ARMOUR Residential REIT from a "neutral" rating to a "buy" rating in a research report on Monday, April 28th. Finally, Jones Trading reaffirmed a "hold" rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.