ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, September 23rd, Zacks reports. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.10 per share by the real estate investment trust on Thursday, October 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 13.03%. The ex-dividend date of this dividend is Wednesday, October 14th.
ARMOUR Residential REIT has decreased its dividend payment by 28.5% over the last three years and has increased its dividend every year for the last 1 years. ARMOUR Residential REIT has a payout ratio of 93.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect ARMOUR Residential REIT to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 80.0%.
Shares of NYSE ARR opened at $9.21 on Friday. The firm has a 50-day simple moving average of $9.71 and a 200-day simple moving average of $9.31. The stock has a market capitalization of $595.80 million, a price-to-earnings ratio of -1.68 and a beta of 1.05. ARMOUR Residential REIT has a 52 week low of $4.95 and a 52 week high of $21.15.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.07). ARMOUR Residential REIT had a negative net margin of 122.10% and a positive return on equity of 10.09%. The firm had revenue of $23.13 million during the quarter. Equities research analysts expect that ARMOUR Residential REIT will post 1.41 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. ValuEngine lowered shares of ARMOUR Residential REIT from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.71.
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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