ARMOUR Residential REIT (ARR) Set to Announce Quarterly Earnings on Wednesday

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) will release its earnings data on Wednesday, April 24th.

ARMOUR Residential REIT Stock Up 3.3 %

ARR traded up $0.61 during trading on Tuesday, hitting $18.99. 1,185,804 shares of the stock were exchanged, compared to its average volume of 1,160,099. The firm has a market capitalization of $925.52 million, a P/E ratio of -9.94 and a beta of 1.48. ARMOUR Residential REIT has a 1-year low of $13.31 and a 1-year high of $27.00. The stock has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $18.46.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.17%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT's dividend payout ratio (DPR) is -150.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARR. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th. StockNews.com lowered ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a report on Friday, April 5th.

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.