ARMOUR Residential REIT (NYSE:ARR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

ARMOUR Residential REIT (NYSE:ARR) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03, Zacks reports. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%.

ARMOUR Residential REIT Stock Down 0.4%

Shares of ARR traded down $0.07 during mid-day trading on Wednesday, reaching $16.36. The company had a trading volume of 3,628,629 shares, compared to its average volume of 3,586,745. ARMOUR Residential REIT has a 52-week low of $13.98 and a 52-week high of $19.31. The stock has a market capitalization of $2.03 billion, a P/E ratio of 8.52 and a beta of 1.36. The stock has a 50 day moving average of $16.97 and a two-hundred day moving average of $17.39.

ARMOUR Residential REIT Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be issued a $0.24 dividend. This represents a c) annualized dividend and a dividend yield of 17.6%. The ex-dividend date of this dividend is Monday, August 17th. ARMOUR Residential REIT’s payout ratio is 150.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ARR shares. UBS Group restated a “neutral” rating and issued a $18.00 target price (up from $17.50) on shares of ARMOUR Residential REIT in a research note on Friday, April 24th. Zacks Research lowered ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, June 17th. Finally, JonesTrading dropped their target price on ARMOUR Residential REIT from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and an average price target of $18.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in ARMOUR Residential REIT by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 86,494 shares of the real estate investment trust’s stock worth $1,531,000 after buying an additional 579 shares in the last quarter. California State Teachers Retirement System raised its stake in ARMOUR Residential REIT by 1.8% in the 2nd quarter. California State Teachers Retirement System now owns 60,209 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 1,039 shares during the last quarter. Cetera Investment Advisers lifted its holdings in ARMOUR Residential REIT by 8.6% in the 4th quarter. Cetera Investment Advisers now owns 13,585 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 1,079 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in ARMOUR Residential REIT by 80.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,289 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 1,471 shares during the last quarter. Finally, Quarry LP raised its position in shares of ARMOUR Residential REIT by 620.6% in the third 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 last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

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.