ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on November 15th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Tuesday, October 22nd,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.24 per share by the real estate investment trust on Wednesday, November 27th. This represents a $2.88 annualized dividend and a yield of 15.15%. The ex-dividend date of this dividend is Friday, November 15th.

ARMOUR Residential REIT has a payout ratio of 69.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ARMOUR Residential REIT to earn $4.11 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 70.1%.

ARMOUR Residential REIT Stock Down 2.1 %

ARR stock opened at $19.02 on Wednesday. The business has a 50 day moving average price of $19.86 and a 200 day moving average price of $19.80. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 8.06 and a beta of 1.51. ARMOUR Residential REIT has a fifty-two week low of $16.08 and a fifty-two week high of $21.93.

ARMOUR Residential REIT (NYSE:ARR) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. The firm had revenue of $127.06 million during the quarter, compared to analysts’ expectations of $10.95 million. As a group, sell-side analysts anticipate that ARMOUR Residential REIT will post 3.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. B. Riley increased their target price on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating, According to MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and an average target price of $19.83.

Insider Buying and Selling

In related news, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the acquisition, the director now directly owns 9,023 shares of the company’s stock, valued at $172,158.84. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Daniel C. Staton bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average cost of $19.86 per share, with a total value of $198,600.00. Following the completion of the transaction, the chairman now directly owns 24,040 shares in the company, valued at $477,434.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares of the company’s stock, valued at $172,158.84. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

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.