ARMOUR Residential REIT (NYSE:ARR) Releases Earnings Results, Beats Expectations By $0.02 EPS

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02, Fidelity Earnings reports. ARMOUR Residential REIT had a negative net margin of 124.06% and a positive return on equity of 10.62%. The company had revenue of ($50.63) million during the quarter.

ARR stock traded down $0.27 during trading on Thursday, reaching $16.87. The stock had a trading volume of 800,324 shares, compared to its average volume of 551,446. ARMOUR Residential REIT has a 1-year low of $16.00 and a 1-year high of $22.73. The company has a market capitalization of $967.75 million, a P/E ratio of 6.75 and a beta of 0.67. The firm has a fifty day moving average price of $16.78 and a 200 day moving average price of $17.94.

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 15th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $2.04 dividend on an annualized basis and a yield of 12.09%. ARMOUR Residential REIT’s dividend payout ratio is currently 81.60%.

ARR has been the subject of several research reports. Zacks Investment Research upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH raised shares of ARMOUR Residential REIT from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday. ValuEngine raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Barclays set a $18.00 target price on shares of ARMOUR Residential REIT and gave the stock a “sell” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $19.75.

ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Management LP. 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries; and money market instruments.

See Also: The limitations of an equal weight rating

Earnings History for ARMOUR Residential REIT (NYSE:ARR)

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