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%.
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.
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