ARMOUR Residential REIT, Inc. (NYSE:ARR) Plans Monthly Dividend of $0.24

ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Free Report) declared a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.24 per share by the real estate investment trust on Tuesday, April 29th. This represents a $2.88 annualized dividend and a yield of 16.88%. The ex-dividend date is Tuesday, April 15th.

ARMOUR Residential REIT has a payout ratio of 77.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. 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 Trading Down 2.9 %

Shares of NYSE ARR traded down $0.52 during trading hours on Friday, reaching $17.07. The stock had a trading volume of 3,115,233 shares, compared to its average volume of 1,621,320. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -39.69 and a beta of 1.53. ARMOUR Residential REIT has a fifty-two week low of $16.96 and a fifty-two week high of $21.93. The firm has a 50-day moving average of $18.70 and a 200-day moving average of $19.09.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They set a "neutral" rating for the company. StockNews.com downgraded shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research note on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, B. Riley upgraded ARMOUR Residential REIT to a "hold" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.50.

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Insider Transactions at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the company's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the transaction, the director now owns 363 shares of the company's stock, valued at $6,817.14. This represents a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert C. Hain sold 2,500 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $18.07, for a total value of $45,175.00. Following the completion of the sale, the director now directly owns 6,793 shares of the company's stock, valued at approximately $122,749.51. This trade represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.35% of the company's stock.

About ARMOUR Residential REIT

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.