ARMOUR Residential REIT, Inc. (NYSE:ARR) released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03, Bloomberg Earnings reports. The firm had revenue of $39.64 million for the quarter, compared to analysts’ expectations of $37.49 million. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same quarter in the prior year, the firm posted $0.68 earnings per share.
Shares of ARMOUR Residential REIT (ARR) traded down $0.10 on Friday, reaching $24.21. The company’s stock had a trading volume of 570,100 shares, compared to its average volume of 599,269. The firm has a market cap of $1,017.83, a P/E ratio of 8.74 and a beta of 0.73. ARMOUR Residential REIT has a 12 month low of $20.29 and a 12 month high of $27.60.
The company also recently announced a monthly dividend, which will be paid on Monday, November 27th. Investors of record on Wednesday, November 15th will be given a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 9.42%. The ex-dividend date of this dividend is Tuesday, November 14th. ARMOUR Residential REIT’s payout ratio is 45.06%.
A number of analysts have weighed in on the company. BidaskClub upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. Zacks Investment Research lowered ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st.
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In related news, COO Mark Gruber purchased 4,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $25.38 per share, with a total value of $101,520.00. Following the transaction, the chief operating officer now owns 19,958 shares of the company’s stock, valued at $506,534.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 4,700 shares of company stock worth $119,411 over the last ninety days. 1.20% of the stock is owned by insiders.
About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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