ARMOUR Residential REIT (NYSE:ARR) Announces Quarterly Earnings Results

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.08), Fidelity Earnings reports. ARMOUR Residential REIT had a negative net margin of 68.21% and a positive return on equity of 10.28%.

Shares of ARR traded down $0.06 during trading hours on Thursday, reaching $11.96. The stock had a trading volume of 60,801 shares, compared to its average volume of 1,269,102. ARMOUR Residential REIT has a 52 week low of $6.39 and a 52 week high of $12.53. The firm has a 50-day moving average of $12.18 and a 200 day moving average of $11.13. The company has a market cap of $804.86 million, a P/E ratio of -3.38 and a beta of 1.07.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 29th. Investors of record on Thursday, April 15th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date is Wednesday, April 14th. ARMOUR Residential REIT’s dividend payout ratio is currently 52.86%.

In other news, Director Robert C. Hain acquired 8,400 shares of the stock in a transaction that occurred on Friday, March 19th. The stock was acquired at an average price of $12.21 per share, for a total transaction of $102,564.00. Following the transaction, the director now directly owns 17,894 shares in the company, valued at $218,485.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James R. Mountain sold 7,500 shares of the company’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $12.29, for a total transaction of $92,175.00. Following the completion of the sale, the chief financial officer now owns 75,470 shares of the company’s stock, valued at approximately $927,526.30. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on ARR. Zacks Investment Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Wednesday. LADENBURG THALM/SH SH downgraded ARMOUR Residential REIT from a “buy” rating to a “neutral” rating in a research note on Thursday, February 18th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. ARMOUR Residential REIT has an average rating of “Hold” and an average target price of $9.56.

About ARMOUR Residential REIT

ARMOUR Residential REIT, Inc invests in residential mortgage backed securities (MBS) in the United States. The company's 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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Earnings History for ARMOUR Residential REIT (NYSE:ARR)

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