ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) - Equities research analysts at B. Riley issued their Q2 2024 earnings per share (EPS) estimates for shares of ARMOUR Residential REIT in a research report issued on Monday, April 29th. B. Riley analyst M. Howlett forecasts that the real estate investment trust will post earnings of $0.87 per share for the quarter. The consensus estimate for ARMOUR Residential REIT's current full-year earnings is $3.75 per share. B. Riley also issued estimates for ARMOUR Residential REIT's Q3 2024 earnings at $0.88 EPS, Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.48 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.10 EPS, Q4 2025 earnings at $1.14 EPS and FY2025 earnings at $4.35 EPS.
A number of other research firms have also recently weighed in on ARR. JMP Securities reaffirmed a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th. StockNews.com downgraded ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, April 5th.
Read Our Latest Report on ARR
ARMOUR Residential REIT Trading Up 2.5 %
Shares of ARMOUR Residential REIT stock traded up $0.46 during trading hours on Wednesday, reaching $18.63. The stock had a trading volume of 1,442,203 shares, compared to its average volume of 1,177,042. ARMOUR Residential REIT has a twelve month low of $13.31 and a twelve month high of $27.00. The firm has a market capitalization of $908.21 million, a PE ratio of -25.72 and a beta of 1.48. The stock's 50 day moving average is $18.99 and its 200 day moving average is $18.43.
ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.22. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%. The business had revenue of $141.48 million for the quarter, compared to analysts' expectations of $39.60 million.
ARMOUR Residential REIT Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.46%. The ex-dividend date is Tuesday, May 14th. ARMOUR Residential REIT's dividend payout ratio is presently -399.99%.
Institutional Investors Weigh In On ARMOUR Residential REIT
Large investors have recently bought and sold shares of the company. CWM LLC increased its position in shares of ARMOUR Residential REIT by 12.6% during the third quarter. CWM LLC now owns 6,803 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 760 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of ARMOUR Residential REIT by 454.7% during the first quarter. Global Retirement Partners LLC now owns 1,664 shares of the real estate investment trust's stock worth $33,000 after buying an additional 1,364 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of ARMOUR Residential REIT in the third quarter valued at about $43,000. Quadrant Capital Group LLC lifted its stake in shares of ARMOUR Residential REIT by 74.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the real estate investment trust's stock worth $48,000 after buying an additional 1,050 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in ARMOUR Residential REIT by 11.2% during the third quarter. Profund Advisors LLC now owns 12,866 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 1,294 shares during the last quarter. 54.17% of the stock is currently owned by hedge funds and other institutional investors.
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.
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