ARMOUR Residential REIT (NYSE:ARR) Announces Quarterly Earnings Results

ARMOUR Residential REIT (NYSE:ARR) released its quarterly earnings results on Wednesday. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.99 by $0.01, Yahoo Finance reports. The firm had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a positive return on equity of 16.64% and a negative net margin of 19.85%.

ARMOUR Residential REIT Trading Down 1.1 %

Shares of NYSE ARR traded down $0.23 during midday trading on Friday, reaching $19.40. The company had a trading volume of 1,658,525 shares, compared to its average volume of 1,128,614. ARMOUR Residential REIT has a 1 year low of $13.31 and a 1 year high of $21.93. The business’s 50-day simple moving average is $20.20 and its 200 day simple moving average is $19.73. The stock has a market cap of $945.55 million, a P/E ratio of -27.39 and a beta of 1.50.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 dividend on an annualized basis and a yield of 14.85%. ARMOUR Residential REIT’s payout ratio is -400.00%.

Insider Activity

In other news, Chairman Daniel C. Staton purchased 10,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $19.86 per share, with a total value of $198,600.00. Following the transaction, the chairman now owns 24,040 shares in the company, valued at $477,434.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

ARR has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. B. Riley raised their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.83.

About ARMOUR Residential REIT

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.