ARMOUR Residential REIT (NYSE:ARR) Releases Quarterly Earnings Results, Beats Expectations By $0.22 EPS

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings data on Friday. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.22, Yahoo Finance reports. The business had revenue of $141.48 million during the quarter, compared to the consensus estimate of $39.60 million. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%.

ARMOUR Residential REIT Stock Down 0.1 %

ARMOUR Residential REIT stock traded down $0.02 during mid-day trading on Monday, reaching $18.50. The company had a trading volume of 1,635,553 shares, compared to its average volume of 1,177,210. The company has a 50 day moving average of $19.02 and a 200-day moving average of $18.44. The firm has a market cap of $901.88 million, a price-to-earnings ratio of -26.21 and a beta of 1.48. ARMOUR Residential REIT has a 52 week low of $13.31 and a 52 week high of $27.00.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th will be issued a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.57%. The ex-dividend date of this dividend is Tuesday, May 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -399.99%.

Wall Street Analysts Forecast Growth

ARR has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th. StockNews.com downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

ARMOUR Residential REIT Company Profile

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.