ARMOUR Residential REIT (NYSE:ARR) Announces Quarterly Earnings Results, Misses Expectations By $0.23 EPS

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.23), Zacks reports. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%.

ARMOUR Residential REIT Stock Down 0.7 %

ARMOUR Residential REIT stock traded down $0.13 during mid-day trading on Wednesday, reaching $18.93. 3,186,720 shares of the company’s stock were exchanged, compared to its average volume of 2,195,132. The business’s fifty day simple moving average is $18.82 and its 200 day simple moving average is $19.45. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.02 and a beta of 1.48. ARMOUR Residential REIT has a one year low of $17.35 and a one year high of $21.93.

ARMOUR Residential REIT Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 17th will be paid a $0.24 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.88 annualized dividend and a yield of 15.21%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is 122.03%.

Insider Activity at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the sale, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the transaction, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARR. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research note on Monday. They issued a “neutral” rating for the company. Finally, StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.50.

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.