ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on May 28th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, April 21st. Investors of record on Friday, May 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 16.4%. The ex-dividend date is Friday, May 15th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%annually over the last three years. ARMOUR Residential REIT has a 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 decline. Equities research 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 Performance

ARMOUR Residential REIT stock opened at $17.56 on Wednesday. ARMOUR Residential REIT has a 52 week low of $13.98 and a 52 week high of $19.31. The stock has a 50-day simple moving average of $17.21 and a 200 day simple moving average of $17.38. The stock has a market capitalization of $2.18 billion, a P/E ratio of 9.14 and a beta of 1.39.

ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. ARMOUR Residential REIT had a return on equity of 15.39% and a net margin of 27.43%.The company had revenue of $70.71 million during the quarter, compared to the consensus estimate of $155.79 million. Research analysts forecast that ARMOUR Residential REIT will post 2.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ARR shares. UBS Group reaffirmed a “neutral” rating and set a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a research report on Friday, April 24th. Weiss Ratings cut shares of ARMOUR Residential REIT from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. JonesTrading reduced their price objective on shares of ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating for the company in a research 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. Finally, Wall Street Zen cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.50.

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.