ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on February 27th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.24 per share by the real estate investment trust on Friday, February 27th. This represents a c) annualized dividend and a yield of 15.7%. The ex-dividend date is Tuesday, February 17th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.2%per year 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 fall. Equities analysts expect ARMOUR Residential REIT to earn $4.25 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 67.8%.

ARMOUR Residential REIT Stock Up 0.9%

Shares of ARR stock opened at $18.31 on Friday. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $19.31. The company has a market capitalization of $2.05 billion, a PE ratio of 457.65 and a beta of 1.46. The firm has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $16.53.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARR shares. Weiss Ratings reissued a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, January 21st. Jones Trading raised shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price objective for the company in a report on Friday, January 16th. Zacks Research raised shares of ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Finally, Compass Point began coverage on ARMOUR Residential REIT in a research report on Monday, December 15th. They set a “buy” rating and a $18.50 price target on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ARMOUR Residential REIT has a consensus rating of “Hold” and a consensus target price of $18.33.

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.