ARMOUR Residential REIT (NYSE:ARR) Posts Earnings Results, Beats Expectations By $0.22 EPS

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

ARMOUR Residential REIT Stock Down 0.1 %

Shares of ARR traded down $0.02 during mid-day trading on Monday, hitting $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 PE ratio of -26.21 and a beta of 1.48. The company’s fifty day simple moving average is $19.02 and its two-hundred day simple moving average is $18.44. ARMOUR Residential REIT has a fifty-two week low of $13.31 and a fifty-two week high of $27.00.

ARMOUR Residential REIT Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, May 14th. This represents a $2.88 annualized dividend and a dividend yield of 15.57%. ARMOUR Residential REIT’s payout ratio is -399.99%.

Analysts Set New Price Targets

ARR has been the topic of several recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th. StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research 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.