Research Analysts Set Expectations for ARR FY2024 Earnings

ARMOUR Residential REIT, Inc. (NYSE:ARR - Free Report) - Equities researchers at B. Riley raised their FY2024 earnings per share estimates for ARMOUR Residential REIT in a note issued to investors on Monday, December 9th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will earn $3.90 per share for the year, up from their previous forecast of $3.77. The consensus estimate for ARMOUR Residential REIT's current full-year earnings is $3.86 per share. B. Riley also issued estimates for ARMOUR Residential REIT's Q4 2024 earnings at $1.00 EPS, Q1 2025 earnings at $1.04 EPS, Q1 2026 earnings at $1.16 EPS and Q2 2026 earnings at $1.18 EPS.

ARR has been the subject of a number of other research reports. JMP Securities reiterated a "market perform" rating on shares of ARMOUR Residential REIT in a research report on Wednesday, August 28th. StockNews.com upgraded ARMOUR Residential REIT from a "sell" rating to a "hold" rating in a report on Friday, October 25th.

ARMOUR Residential REIT Trading Up 0.2 %

ARR traded up $0.03 during trading on Wednesday, reaching $19.46. 1,448,693 shares of the company were exchanged, compared to its average volume of 1,217,088. ARMOUR Residential REIT has a 52 week low of $17.35 and a 52 week high of $21.93. The stock has a market cap of $1.09 billion, a P/E ratio of 8.23 and a beta of 1.49. The firm has a 50 day moving average of $19.24 and a 200 day moving average of $19.79.

ARMOUR Residential REIT (NYSE:ARR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.01. The business had revenue of $127.06 million during the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%.

Institutional Investors Weigh In On ARMOUR Residential REIT

Several large investors have recently modified their holdings of the company. Signaturefd LLC increased its stake in ARMOUR Residential REIT by 67.8% during the 3rd quarter. Signaturefd LLC now owns 1,374 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 555 shares in the last quarter. McIlrath & Eck LLC bought a new stake in shares of ARMOUR Residential REIT during the 3rd quarter valued at $61,000. Summit Securities Group LLC purchased a new stake in shares of ARMOUR Residential REIT in the second quarter worth about $99,000. US Bancorp DE boosted its holdings in ARMOUR Residential REIT by 304.3% in the 3rd quarter. US Bancorp DE now owns 6,720 shares of the real estate investment trust's stock valued at $137,000 after purchasing an additional 5,058 shares during the period. Finally, FMR LLC increased its stake in ARMOUR Residential REIT by 36.5% in the 3rd quarter. FMR LLC now owns 7,486 shares of the real estate investment trust's stock worth $153,000 after acquiring an additional 2,003 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert C. Hain bought 2,500 shares of ARMOUR Residential REIT stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of $19.08 per share, with a total value of $47,700.00. Following the acquisition, the director now owns 9,023 shares of the company's stock, valued at approximately $172,158.84. This represents a 38.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Daniel C. Staton purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The stock was bought at an average price of $19.86 per share, with a total value of $198,600.00. Following the completion of the purchase, the chairman now owns 24,040 shares of the company's stock, valued at $477,434.40. This trade represents a 71.23 % increase in their position. The disclosure for this purchase can be found here. 0.35% of the stock is currently owned by insiders.

ARMOUR Residential REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.24 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.88 annualized dividend and a dividend yield of 14.80%. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently 122.03%.

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.