ARMOUR Residential REIT (NYSE:ARR) will be posting its quarterly earnings results after the market closes on Tuesday, February 13th. Analysts expect ARMOUR Residential REIT to post earnings of $0.65 per share for the quarter.
Shares of ARMOUR Residential REIT (NYSE ARR) opened at $22.26 on Tuesday. The company has a market capitalization of $932.00, a price-to-earnings ratio of 4.40 and a beta of 0.55. ARMOUR Residential REIT has a 12-month low of $21.30 and a 12-month high of $27.60.
The company also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $2.28 dividend on an annualized basis and a yield of 10.24%. ARMOUR Residential REIT’s payout ratio is 45.06%.
Separately, Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th.
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About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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