Armour Residential REIT Inc. (ARR) To Go Ex-Dividend on October 12th
Armour Residential REIT Inc. (NYSE:ARR) declared a monthly dividend on Monday, September 26th. Stockholders of record on Friday, October 14th will be paid a dividend of 0.22 per share on Thursday, October 27th. This represents a $2.64 annualized dividend and a dividend yield of 12.14%. The ex-dividend date of this dividend is Wednesday, October 12th.
Armour Residential REIT (NYSE:ARR) opened at 21.74 on Friday. The company’s market capitalization is $797.92 million. The stock’s 50 day moving average is $22.27 and its 200 day moving average is $21.08. Armour Residential REIT has a 52 week low of $16.61 and a 52 week high of $23.23.
Armour Residential REIT (NYSE:ARR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.08. Armour Residential REIT had a positive return on equity of 13.00% and a negative net margin of 113.98%. During the same period in the prior year, the firm earned $0.12 EPS. Analysts predict that Armour Residential REIT will post $3.50 EPS for the current fiscal year.
Several research firms have recently weighed in on ARR. Barclays PLC boosted their price target on Armour Residential REIT from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded Armour Residential REIT from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, July 12th. Credit Suisse Group AG reiterated a “sell” rating and issued a $20.00 target price on shares of Armour Residential REIT in a report on Wednesday, August 3rd. National Securities reiterated a “sell” rating and issued a $16.00 target price on shares of Armour Residential REIT in a report on Monday, August 8th. Finally, Deutsche Bank AG upped their target price on Armour Residential REIT from $21.00 to $21.80 and gave the company a “hold” rating in a report on Thursday, August 4th. Five research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of “Sell” and a consensus price target of $21.35.
In related news, CEO Jeffrey J. Zimmer acquired 10,000 shares of Armour Residential REIT stock in a transaction dated Monday, August 22nd. The stock was bought at an average price of $22.11 per share, with a total value of $221,100.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in ARR. Citigroup Inc. increased its stake in shares of Armour Residential REIT by 1,931.0% in the second quarter. Citigroup Inc. now owns 563,159 shares of the company’s stock valued at $11,264,000 after buying an additional 535,431 shares during the period. BlackRock Fund Advisors increased its stake in shares of Armour Residential REIT by 18.8% in the second quarter. BlackRock Fund Advisors now owns 1,726,972 shares of the company’s stock valued at $34,539,000 after buying an additional 272,710 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Armour Residential REIT during the second quarter valued at approximately $846,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of Armour Residential REIT by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,107,991 shares of the company’s stock valued at $22,160,000 after buying an additional 22,155 shares during the period. Finally, KCG Holdings Inc. bought a new stake in shares of Armour Residential REIT during the second quarter valued at approximately $370,000. 40.48% of the stock is owned by institutional investors.
About Armour Residential REIT
ARMOUR Residential REIT, Inc (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities).
Receive News & Ratings for Armour Residential REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armour Residential REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.