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

ARMOUR Residential REIT (NYSE:ARR) announced its earnings results on Wednesday. The real estate investment trust reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01, Yahoo Finance reports. The firm had revenue of $127.06 million for the quarter, compared to analyst estimates 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 Stock Down 0.1 %

ARMOUR Residential REIT stock traded down $0.02 during trading hours on Friday, hitting $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 capitalization of $955.54 million, a P/E ratio of -27.39 and a beta of 1.50. ARMOUR Residential REIT has a 12-month low of $13.31 and a 12-month high of $21.93. The stock’s 50-day moving average price is $20.20 and its 200-day moving average price is $19.73.

ARMOUR Residential REIT Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 annualized dividend and a yield of 14.69%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -400.00%.

Insiders Place Their Bets

In other news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the acquisition, the chairman now owns 24,040 shares of the company’s stock, valued at approximately $477,434.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.35% of the company’s stock.

Analyst Ratings Changes

ARR has been the topic of several research reports. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, B. Riley boosted their price objective on shares of ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.