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

ARMOUR Residential REIT, Inc. (NYSE:ARR) 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.

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

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.