ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) announced a monthly dividend on Thursday, May 28th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Monday, June 29th. This represents a c) annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Monday, June 15th.
ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%per year over the last three years. ARMOUR Residential REIT has a dividend payout ratio of 82.1% meaning 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 $3.00 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 96.0%.
ARMOUR Residential REIT Stock Up 0.6%
Shares of ARR stock opened at $17.13 on Friday. ARMOUR Residential REIT has a 12-month low of $13.98 and a 12-month high of $19.31. The company has a market capitalization of $2.12 billion, a PE ratio of 8.92 and a beta of 1.39. The firm has a 50 day moving average price of $17.04 and a two-hundred day moving average price of $17.42.
Analyst Ratings Changes
ARR has been the topic of a number of research reports. JonesTrading decreased their price objective on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Wall Street Zen downgraded shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings lowered shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Finally, UBS Group reaffirmed a “neutral” rating and set a $18.00 price target (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.50.
View Our Latest Analysis on ARMOUR Residential REIT
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.
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