ARMOUR Residential REIT (NYSE:ARR) Releases Earnings Results, Misses Expectations By $0.23 EPS

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.78 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.23), Zacks reports. ARMOUR Residential REIT had a return on equity of 16.76% and a net margin of 24.17%. During the same period in the previous year, the firm earned $1.21 EPS.

ARMOUR Residential REIT Stock Performance

ARR traded down $0.03 on Friday, hitting $19.19. 3,831,995 shares of the company were exchanged, compared to its average volume of 2,126,560. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93. The firm has a fifty day simple moving average of $18.81 and a two-hundred day simple moving average of $19.42. The stock has a market capitalization of $1.07 billion, a PE ratio of 8.13 and a beta of 1.48.

ARMOUR Residential REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 17th will be issued a $0.24 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.01%. ARMOUR Residential REIT's payout ratio is 122.03%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research started coverage on shares of ARMOUR Residential REIT in a research note on Monday, February 10th. They issued a "neutral" rating for the company. StockNews.com cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Friday. Finally, B. Riley upgraded shares of ARMOUR Residential REIT to a "hold" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.50.

Insider Activity

In other ARMOUR Residential REIT news, Director Stewart J. Paperin sold 24,852 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the transaction, the director now owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Hain sold 2,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the sale, the director now owns 6,793 shares of the company's stock, valued at approximately $122,749.51. This represents a 26.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.35% of the company's stock.

ARMOUR Residential REIT Company Profile

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.