ARMOUR Residential REIT (ARR) to Release Earnings on Wednesday

ARMOUR Residential REIT (NYSE:ARR) will release its earnings data on Wednesday, April 24th.

ARMOUR Residential REIT Stock Up 1.0 %

ARR opened at $18.36 on Tuesday. ARMOUR Residential REIT has a 52-week low of $13.31 and a 52-week high of $27.00. The company has a market cap of $895.05 million, a P/E ratio of -9.61 and a beta of 1.48. The firm’s 50-day moving average price is $19.03 and its 200-day moving average price is $18.46.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.88 annualized dividend and a dividend yield of 15.69%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently -150.78%.

Analyst Ratings Changes

Several research firms have recently issued reports on ARR. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.

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.