ARMOUR Residential REIT, Inc. (NYSE:ARR) Declares $0.24 Monthly Dividend

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, October 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.24 per share by the real estate investment trust on Wednesday, November 27th. This represents a $2.88 annualized dividend and a dividend yield of 15.14%. The ex-dividend date of this dividend is Friday, November 15th.

ARMOUR Residential REIT has a payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ARMOUR Residential REIT to earn $4.11 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 70.1%.

ARMOUR Residential REIT Trading Up 0.1 %

Shares of NYSE ARR opened at $19.02 on Thursday. The business’s 50 day moving average is $19.84 and its 200-day moving average is $19.79. The firm has a market cap of $1.06 billion, a P/E ratio of 8.06 and a beta of 1.51. ARMOUR Residential REIT has a 1-year low of $16.45 and a 1-year high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The business had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. Analysts forecast that ARMOUR Residential REIT will post 3.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. 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. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.83.

Insiders Place Their Bets

In related news, Director Robert C. Hain bought 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robert C. Hain purchased 2,500 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the purchase, the director now directly owns 9,023 shares in the company, valued at $172,158.84. 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 the SEC website. Also, Chairman Daniel C. Staton purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of $19.86 per share, with a total value of $198,600.00. Following the purchase, the chairman now owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

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.