ARMOUR Residential REIT, Inc. Plans Monthly Dividend of $0.24 (NYSE:ARR)

ARMOUR Residential REIT, Inc. (NYSE:ARRGet Free Report) announced a monthly dividend on Tuesday, February 11th, Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, March 27th. This represents a $2.88 annualized dividend and a yield of 15.31%. The ex-dividend date is Monday, March 17th.

ARMOUR Residential REIT has a dividend payout ratio of 76.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect ARMOUR Residential REIT to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 67.8%.

ARMOUR Residential REIT Price Performance

ARMOUR Residential REIT stock opened at $18.81 on Friday. ARMOUR Residential REIT has a 12-month low of $17.35 and a 12-month high of $21.93. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -43.75 and a beta of 1.53. The firm’s fifty day moving average price is $18.77 and its 200 day moving average price is $19.27.

Analyst Ratings Changes

Several research analysts have weighed in on ARR shares. B. Riley raised shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Finally, BTIG Research initiated coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, ARMOUR Residential REIT currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Read Our Latest Stock Analysis on ARMOUR Residential REIT

Insider Activity at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, the director now directly owns 363 shares in the company, valued at $6,817.14. This trade represents a 98.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction dated 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 sale, the director now owns 6,793 shares in the company, valued at approximately $122,749.51. This 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 currently owned by insiders.

About ARMOUR Residential REIT

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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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Dividend History for ARMOUR Residential REIT (NYSE:ARR)

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