ARMOUR Residential REIT, Inc. (NYSE:ARR) Plans $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 paid 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 15.15%. The ex-dividend date is Friday, November 15th.

ARMOUR Residential REIT has a payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 2.1 %

Shares of NYSE ARR opened at $19.02 on Wednesday. The firm has a market cap of $1.06 billion, a PE ratio of 8.06 and a beta of 1.51. ARMOUR Residential REIT has a 1-year low of $16.08 and a 1-year high of $21.93. The company has a fifty day moving average price of $19.86 and a 200 day moving average price of $19.80.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.95 million. Equities research analysts forecast that ARMOUR Residential REIT will post 3.86 EPS for the current year.

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Director Robert C. Hain purchased 2,500 shares of the 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other ARMOUR Residential REIT news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were purchased at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the transaction, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the transaction, the director now owns 9,023 shares in the company, valued at approximately $172,158.84. This represents 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARR. B. Riley upped their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 29th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Wednesday, August 28th. Finally, StockNews.com raised shares of 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, Based on data from MarketBeat, ARMOUR Residential REIT currently has an average rating of “Hold” and an average target price of $19.83.

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.