ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on December 16th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.24 per share by the real estate investment trust on Monday, December 30th. This represents a $2.88 dividend on an annualized basis and a yield of 15.23%. The ex-dividend date of this dividend is Monday, December 16th.

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 $4.00 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 72.0%.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded up $0.13 during midday trading on Friday, reaching $18.91. The stock had a trading volume of 730,814 shares, compared to its average volume of 1,208,467. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.02 and a beta of 1.51. ARMOUR Residential REIT has a twelve month low of $17.35 and a twelve month high of $21.93. The firm’s fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $19.77.

ARMOUR Residential REIT (NYSE:ARR) last posted its 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 net margin of 24.17% and a return on equity of 16.76%. The firm had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. As a group, sell-side analysts predict that ARMOUR Residential REIT will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at ARMOUR Residential REIT

In other ARMOUR Residential REIT news, Chairman Daniel C. Staton purchased 10,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the chairman now owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. The trade was a 71.23 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, with a total value of $47,700.00. Following the transaction, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. This trade represents a 38.33 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

ARR has been the subject of several recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average 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.