Press coverage about ARMOUR Residential REIT (NYSE:ARR) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ARMOUR Residential REIT earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.8170943373541 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th.
Shares of ARMOUR Residential REIT (ARR) opened at $25.08 on Tuesday. ARMOUR Residential REIT has a fifty-two week low of $20.81 and a fifty-two week high of $27.60. The firm has a market capitalization of $1,050.06, a PE ratio of 4.96 and a beta of 0.72.
ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. The company had revenue of $39.64 million for the quarter, compared to analyst estimates of $37.49 million. During the same quarter in the previous year, the firm earned $0.68 earnings per share. equities analysts forecast that ARMOUR Residential REIT will post 2.69 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th will be paid a $0.19 dividend. The ex-dividend date is Friday, January 12th. This represents a $2.28 annualized dividend and a yield of 9.09%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 45.06%.
In related news, COO Mark Gruber bought 4,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were bought at an average price of $25.38 per share, for a total transaction of $101,520.00. Following the completion of the purchase, the chief operating officer now directly owns 19,958 shares of the company’s stock, valued at $506,534.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by insiders.
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ARMOUR Residential REIT Company Profile
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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