ARMOUR Residential REIT (NYSE:ARR – Get Free Report) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01, Yahoo Finance reports. The firm had revenue of $127.06 million for the quarter, compared to the consensus estimate 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 Stock Performance
Shares of NYSE:ARR remained flat at $19.62 during trading on Friday. The stock had a trading volume of 882,031 shares, compared to its average volume of 1,124,718. ARMOUR Residential REIT has a 1-year low of $13.31 and a 1-year high of $21.93. The firm has a market capitalization of $956.51 million, a price-to-earnings ratio of -27.39 and a beta of 1.50. The company has a 50-day moving average price of $20.20 and a 200-day moving average price of $19.73.
ARMOUR Residential REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 14.68%. The ex-dividend date of this dividend is Friday, November 15th. ARMOUR Residential REIT’s payout ratio is currently -400.00%.
Insider Transactions at ARMOUR Residential REIT
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on ARR shares. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. B. Riley raised their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.
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