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

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.23), Zacks reports. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%.

ARMOUR Residential REIT Stock Performance

Shares of NYSE ARR traded down $0.13 during trading on Wednesday, hitting $18.93. The company had a trading volume of 3,186,720 shares, compared to its average volume of 2,195,132. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93. The firm has a market capitalization of $1.06 billion, a P/E ratio of 8.02 and a beta of 1.48. The stock has a 50 day simple moving average of $18.82 and a 200 day simple moving average of $19.45.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a yield of 15.21%. ARMOUR Residential REIT’s dividend payout ratio is currently 122.03%.

Insiders Place Their Bets

In other news, Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. This trade represents a 26.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the completion of the sale, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARR. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. BTIG Research initiated coverage on ARMOUR Residential REIT in a research note on Monday. They issued a “neutral” rating on the stock. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.50.

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.