ARMOUR Residential REIT, Inc. (ARR) to Distribute Monthly Dividend of $0.24 on July 30th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Wednesday, June 24th. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 16.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.1%per year over the last three years. ARMOUR Residential REIT has a payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 Up 1.1%

Shares of ARMOUR Residential REIT stock opened at $17.14 on Friday. The company has a market cap of $2.13 billion, a PE ratio of 8.92 and a beta of 1.36. The business has a 50 day moving average of $17.13 and a 200 day moving average of $17.42. ARMOUR Residential REIT has a 52 week low of $13.98 and a 52 week high of $19.31.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JonesTrading dropped their target price 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. Weiss Ratings reissued a “sell (d+)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, June 17th. UBS Group restated a “neutral” rating and issued a $18.00 price objective (up from $17.50) on shares of ARMOUR Residential REIT in a report on Friday, April 24th. Finally, Zacks Research cut ARMOUR Residential REIT from a “hold” rating to a “strong sell” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.