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

ARMOUR Residential REIT (NYSE:ARR) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03), Zacks reports. ARMOUR Residential REIT had a positive return on equity of 15.89% and a negative net margin of 4.55%.The business had revenue of $92.10 million for the quarter, compared to analysts’ expectations of $63.25 million. During the same period last year, the business posted $1.00 earnings per share.

ARMOUR Residential REIT Trading Up 0.6%

ARR stock opened at $15.79 on Thursday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -65.77 and a beta of 1.41. The firm’s 50-day moving average price is $15.21 and its two-hundred day moving average price is $15.82. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $19.77.

ARMOUR Residential REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.24 dividend. This represents a c) dividend on an annualized basis and a yield of 18.2%. The ex-dividend date of this dividend is Monday, November 17th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is -1,200.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARR. Raymond James Financial Inc. bought a new stake in shares of ARMOUR Residential REIT in the 2nd quarter worth approximately $55,000. Russell Investments Group Ltd. lifted its stake in ARMOUR Residential REIT by 80.9% in the second quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 1,471 shares during the period. Tower Research Capital LLC TRC boosted its holdings in ARMOUR Residential REIT by 366.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,404 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 5,816 shares in the last quarter. Bayesian Capital Management LP bought a new stake in ARMOUR Residential REIT in the second quarter valued at $171,000. Finally, Ausdal Financial Partners Inc. purchased a new position in ARMOUR Residential REIT during the 2nd quarter valued at $181,000. Institutional investors own 54.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group reiterated a “neutral” rating and issued a $16.00 target price on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

About ARMOUR Residential REIT

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.