ARMOUR Residential REIT (NYSE:ARR) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.01, Yahoo Finance reports. The firm had revenue of $127.06 million for the quarter, compared to analysts’ expectations of $10.95 million. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock traded down $0.02 during trading hours on Friday, reaching $19.60. The stock had a trading volume of 916,948 shares, compared to its average volume of 1,124,864. The stock has a market cap of $955.54 million, a PE ratio of -27.39 and a beta of 1.50. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $21.93. The company has a fifty day simple moving average of $20.20 and a 200-day simple moving average of $19.73.

ARMOUR Residential REIT Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 14.69%. The ex-dividend date is Friday, November 15th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -400.00%.

Insiders Place Their Bets

In other news, Chairman Daniel C. Staton purchased 10,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the acquisition, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ARR shares. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, B. Riley lifted their target price on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.83.

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.