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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced 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 annualized dividend 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 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 Stock Performance

NYSE:ARR traded up $0.13 during trading on Friday, reaching $18.91. The company’s stock had a trading volume of 730,814 shares, compared to its average volume of 1,208,467. The firm has a 50 day moving average of $19.43 and a 200-day moving average of $19.77. 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 12 month low of $17.35 and a 12 month high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last issued its 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. The business had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. Equities research analysts forecast that ARMOUR Residential REIT will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Robert C. Hain bought 2,500 shares of the stock in a transaction on Thursday, November 7th. The stock was bought at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the acquisition, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. This represents a 38.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Daniel C. Staton acquired 10,000 shares of ARMOUR Residential REIT stock in a transaction that occurred on Thursday, October 3rd. The shares were 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 in the company, valued at $477,434.40. This represents a 71.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

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.