ARMOUR Residential REIT (NYSE:ARR) Announces Earnings Results

ARMOUR Residential REIT (NYSE:ARR) issued its quarterly earnings results on Friday. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22, Yahoo Finance reports. The company had revenue of $141.48 million for the quarter, compared to analyst estimates of $39.60 million. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%.

ARMOUR Residential REIT Trading Down 0.1 %

Shares of ARR stock traded down $0.02 during mid-day trading on Monday, reaching $18.50. The stock had a trading volume of 1,635,553 shares, compared to its average volume of 1,177,210. The company has a market cap of $901.88 million, a P/E ratio of -26.21 and a beta of 1.48. The business has a 50-day simple moving average of $19.02 and a 200 day simple moving average of $18.44. ARMOUR Residential REIT has a 12-month low of $13.31 and a 12-month high of $27.00.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 15th will be given a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.57%. The ex-dividend date of this dividend is Tuesday, May 14th. ARMOUR Residential REIT’s dividend payout ratio is currently -399.99%.

Analyst Upgrades and Downgrades

ARR has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. StockNews.com downgraded 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.