ARMOUR Residential REIT (NYSE:ARR) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.01, Yahoo Finance reports. The business had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. ARMOUR Residential REIT had a negative net margin of 19.85% and a positive return on equity of 16.64%.

ARMOUR Residential REIT Trading Down 1.2 %

Shares of ARMOUR Residential REIT stock traded down $0.23 during trading hours on Friday, reaching $19.39. 1,658,242 shares of the company's stock were exchanged, compared to its average volume of 1,128,614. The firm has a market capitalization of $945.30 million, a price-to-earnings ratio of -27.39 and a beta of 1.50. ARMOUR Residential REIT has a 52-week low of $13.31 and a 52-week high of $21.93. The company has a fifty day moving average of $20.20 and a 200-day moving average of $19.73.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.88 annualized dividend and a yield of 14.85%. ARMOUR Residential REIT's payout ratio is currently -400.00%.

Insider Activity at ARMOUR Residential REIT

In related news, Chairman Daniel C. Staton acquired 10,000 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were acquired at an average cost of $19.86 per share, for a total transaction of $198,600.00. Following the acquisition, the chairman now directly owns 24,040 shares in the company, valued at approximately $477,434.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ARR shares. B. Riley boosted their price target on ARMOUR Residential REIT from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. StockNews.com cut shares of ARMOUR Residential REIT from a "hold" rating to a "sell" rating in a research report on Wednesday, August 21st. Finally, JMP Securities restated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, ARMOUR Residential REIT currently has a consensus rating of "Hold" and an average target price of $19.83.

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.