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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, November 26th. Investors of record on Monday, December 15th will be given a dividend of 0.24 per share by the real estate investment trust on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 16.5%. The ex-dividend date is Monday, December 15th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.2%annually over the last three years. ARMOUR Residential REIT has a payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research 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 Up 2.3%

ARR opened at $17.44 on Thursday. The company’s 50 day moving average is $15.89 and its 200-day moving average is $16.05. The company has a market cap of $1.95 billion, a P/E ratio of 436.00 and a beta of 1.44. ARMOUR Residential REIT has a 1-year low of $13.18 and a 1-year high of $19.64.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.The firm had revenue of $210.90 million for the quarter, compared to analyst estimates of $63.25 million. During the same quarter last year, the company earned $1.00 earnings per share. On average, equities analysts forecast that ARMOUR Residential REIT will post 3.8 EPS for the current year.

Wall Street Analyst Weigh In

ARR has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $16.00 target price on shares of ARMOUR Residential REIT in a research note on Wednesday, October 8th. Finally, Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

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.