ARMOUR Residential REIT (NYSE:ARR – Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $1.08 earnings per share 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 company had revenue of $129.93 million for the quarter, compared to analyst estimates of $28.47 million.
ARMOUR Residential REIT Stock Performance
ARR stock traded up $0.02 during midday trading on Friday, reaching $20.20. The company’s stock had a trading volume of 563,902 shares, compared to its average volume of 1,083,472. ARMOUR Residential REIT has a 1 year low of $13.31 and a 1 year high of $26.90. The stock has a fifty day simple moving average of $19.73 and a two-hundred day simple moving average of $19.32. The firm has a market capitalization of $984.75 million, a price-to-earnings ratio of -27.87 and a beta of 1.51.
ARMOUR Residential REIT Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.88 dividend on an annualized basis and a yield of 14.26%. ARMOUR Residential REIT’s payout ratio is -399.99%.
Analyst Upgrades and Downgrades
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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.
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