ARMOUR Residential REIT (NYSE:ARR) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

ARMOUR Residential REIT (NYSE:ARR – Get Rating) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03, MarketWatch Earnings reports. ARMOUR Residential REIT had a return on equity of 7.78% and a net margin of 19.02%.

ARMOUR Residential REIT stock traded up $0.13 during trading hours on Thursday, hitting $7.48. The stock had a trading volume of 193,350 shares, compared to its average volume of 2,467,676. The stock has a market capitalization of $718.45 million, a P/E ratio of 56.47 and a beta of 0.97. ARMOUR Residential REIT has a 12-month low of $7.14 and a 12-month high of $12.56. The stock’s 50-day moving average price is $8.20 and its 200-day moving average price is $9.33.

The company also recently announced a monthly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.20 annualized dividend and a yield of 16.04%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently 923.15%.

ARR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Tuesday. B. Riley dropped their price objective on ARMOUR Residential REIT from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Tuesday, February 22nd. Credit Suisse Group dropped their price target on ARMOUR Residential REIT from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 10th. StockNews.com began coverage on shares of ARMOUR Residential REIT in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Barclays cut their target price on shares of ARMOUR Residential REIT from $9.00 to $8.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.83.

A number of institutional investors have recently modified their holdings of the business. Comerica Bank raised its holdings in shares of ARMOUR Residential REIT by 2.5% during the fourth quarter. Comerica Bank now owns 77,246 shares of the real estate investment trust’s stock valued at $726,000 after purchasing an additional 1,859 shares during the last quarter. Amalgamated Bank increased its holdings in ARMOUR Residential REIT by 4.9% during the fourth quarter. Amalgamated Bank now owns 41,621 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 1,949 shares during the last quarter. Metropolitan Life Insurance Co NY increased its holdings in ARMOUR Residential REIT by 10.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 22,478 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,175 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in ARMOUR Residential REIT by 5.7% during the fourth quarter. State of Tennessee Treasury Department now owns 40,531 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 2,203 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in ARMOUR Residential REIT by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 288,634 shares of the real estate investment trust’s stock valued at $2,767,000 after buying an additional 2,212 shares during the last quarter. 54.46% of the stock is owned by institutional investors and hedge funds.

About ARMOUR Residential REIT (Get Rating)

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, as well as money market instruments.

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