ARMOUR Residential REIT (NYSE:ARR) Posts Earnings Results, Beats Estimates By $0.09 EPS

ARMOUR Residential REIT (NYSE:ARR) 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

Several research analysts have recently commented on ARR shares. Janney Montgomery Scott initiated coverage on ARMOUR Residential REIT in a report on Thursday, June 6th. They issued a “neutral” rating and a $20.00 target price on the stock. StockNews.com downgraded ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Finally, JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.50.

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.