ARMOUR Residential REIT (ARR) to Release Earnings on Wednesday

ARMOUR Residential REIT (NYSE:ARR) is scheduled to issue its quarterly earnings data on Wednesday, April 24th.

ARMOUR Residential REIT Price Performance

NYSE ARR opened at $18.36 on Tuesday. ARMOUR Residential REIT has a 52-week low of $13.31 and a 52-week high of $27.00. The business’s 50-day moving average price is $19.03 and its 200 day moving average price is $18.46.

ARMOUR Residential REIT Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.69%. The ex-dividend date is Friday, April 12th. ARMOUR Residential REIT’s dividend payout ratio is currently -150.78%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARR. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th.

ARMOUR Residential REIT Company Profile

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.