ARMOUR Residential REIT (NYSE:ARR) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

ARMOUR Residential REIT (NYSE:ARR) 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

Several analysts recently weighed in on ARR shares. Janney Montgomery Scott started coverage on ARMOUR Residential REIT in a report on Thursday, June 6th. They set a “neutral” rating and a $20.00 price target on the stock. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th. Finally, StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.