ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) announced a monthly dividend on Wednesday, June 24th. Investors of record on Wednesday, July 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, July 30th. This represents a c) annualized dividend and a yield of 17.0%. The ex-dividend date of this dividend is Wednesday, July 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Price Performance
NYSE ARR opened at $16.95 on Thursday. 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 $2.10 billion, a price-to-earnings ratio of 8.83 and a beta of 1.36. The company’s fifty day moving average price is $17.14 and its two-hundred day moving average price is $17.42.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Quarry LP boosted its holdings in shares of ARMOUR Residential REIT by 620.6% in the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,570 shares during the period. GAMMA Investing LLC raised its stake in ARMOUR Residential REIT by 217.5% during the fourth quarter. GAMMA Investing LLC now owns 1,721 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,179 shares during the period. Signaturefd LLC raised its stake in ARMOUR Residential REIT by 210.9% during the fourth quarter. Signaturefd LLC now owns 1,766 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,198 shares during the period. Allworth Financial LP lifted its holdings in ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 685 shares during the last quarter. Finally, Danske Bank A S bought a new position in ARMOUR Residential REIT in the third quarter worth about $42,000. 54.17% of the stock is currently owned by institutional investors.
About ARMOUR Residential REIT
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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