ARMOUR Residential REIT (NYSE:ARR) Posts Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• ARMOUR Residential REIT reported earnings of $0.72 per share for the quarter, missing analysts' expectations by $0.03.
• The company announced a monthly dividend of $0.24 per share, which translates to an annual yield of 18.2%.
• Brokerages have mixed ratings on ARMOUR, with the average target price set at $16.00, reflecting an overall "Hold" rating from analysts.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03), Zacks reports. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.

ARMOUR Residential REIT Trading Up 0.6%

Shares of ARR traded up $0.10 during midday trading on Wednesday, hitting $15.79. 3,075,432 shares of the company's stock traded hands, compared to its average volume of 3,057,870. The firm's fifty day moving average is $15.20 and its 200-day moving average is $15.82. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $19.77. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -65.77 and a beta of 1.41.

ARMOUR Residential REIT Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 18.2%. ARMOUR Residential REIT's dividend payout ratio is currently -1,200.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ARR. UBS Group reaffirmed a "neutral" rating and issued a $16.00 target price on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Weiss Ratings restated a "sell (d)" rating on shares of ARMOUR Residential REIT in a report on Wednesday, October 8th. Finally, Zacks Research raised ARMOUR Residential REIT from a "strong sell" rating to a "hold" rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $16.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARR. Osaic Holdings Inc. boosted its holdings in ARMOUR Residential REIT by 20.3% in the 2nd quarter. Osaic Holdings Inc. now owns 21,659 shares of the real estate investment trust's stock worth $364,000 after buying an additional 3,657 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of ARMOUR Residential REIT by 7.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 60,112 shares of the real estate investment trust's stock valued at $1,010,000 after buying an additional 3,984 shares during the period. Public Sector Pension Investment Board raised its position in shares of ARMOUR Residential REIT by 15.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 278,674 shares of the real estate investment trust's stock valued at $4,685,000 after buying an additional 36,386 shares during the period. Tower Research Capital LLC TRC raised its position in ARMOUR Residential REIT by 366.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,404 shares of the real estate investment trust's stock valued at $124,000 after purchasing an additional 5,816 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in ARMOUR Residential REIT by 51.8% in the second quarter. State of Tennessee Department of Treasury now owns 34,069 shares of the real estate investment trust's stock valued at $573,000 after purchasing an additional 11,625 shares during the period. 54.17% of the stock is owned by institutional investors and hedge funds.

ARMOUR Residential REIT Company Profile

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.

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