ARMOUR Residential REIT (NYSE:ARR – Get Free Report) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.09, Yahoo Finance reports. ARMOUR Residential REIT had a positive return on equity of 16.34% and a negative net margin of 19.85%. The firm had revenue of $129.93 million for the quarter, compared to analyst estimates of $28.47 million.
ARMOUR Residential REIT Price Performance
ARR stock traded down $0.08 during trading hours on Friday, reaching $20.10. 634,555 shares of the stock were exchanged, compared to its average volume of 1,083,966. The firm’s 50-day moving average is $19.73 and its 200-day moving average is $19.32. The company has a market cap of $979.88 million, a price-to-earnings ratio of -27.87 and a beta of 1.51. ARMOUR Residential REIT has a 12 month low of $13.31 and a 12 month high of $26.90.
ARMOUR Residential REIT Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a yield of 14.33%. The ex-dividend date is Thursday, August 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -399.99%.
Analyst Ratings Changes
Read Our Latest Analysis on ARR
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.
Further Reading
- Five stocks we like better than ARMOUR Residential REIT
- Which Wall Street Analysts are the Most Accurate?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for ARMOUR Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.