ARMOUR Residential REIT (NYSE:ARR) Announces Earnings Results, Beats Expectations By $0.22 EPS

ARMOUR Residential REIT (NYSE:ARR) posted its earnings results on Friday. The real estate investment trust reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.22, Yahoo Finance reports. The business had revenue of $141.48 million for the quarter, compared to analyst estimates of $39.60 million. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%.

ARMOUR Residential REIT Stock Down 0.1 %

Shares of NYSE ARR traded down $0.02 during trading on Monday, reaching $18.50. 1,635,553 shares of the company traded hands, compared to its average volume of 1,177,210. The firm has a 50 day simple moving average of $19.02 and a 200-day simple moving average of $18.44. The stock has a market capitalization of $901.88 million, a PE ratio of -26.21 and a beta of 1.48. ARMOUR Residential REIT has a 52-week low of $13.31 and a 52-week high of $27.00.

ARMOUR Residential REIT Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.24 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.57%. The ex-dividend date of this dividend is Tuesday, May 14th. ARMOUR Residential REIT’s payout ratio is presently -399.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ARR shares. StockNews.com lowered shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th.

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.