ARMOUR Residential REIT (NYSE:ARR) Posts Earnings Results, Misses Expectations By $0.03 EPS

ARMOUR Residential REIT (NYSE:ARR) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03), FiscalAI reports. ARMOUR Residential REIT had a return on equity of 15.37% and a net margin of 9.01%.The company had revenue of $236.50 million during the quarter, compared to the consensus estimate of $62.34 million.

ARMOUR Residential REIT Trading Down 0.5%

ARR traded down $0.10 on Wednesday, hitting $17.68. 3,367,594 shares of the company’s stock traded hands, compared to its average volume of 4,014,514. The company’s 50 day simple moving average is $17.88 and its 200-day simple moving average is $16.56. ARMOUR Residential REIT has a one year low of $13.18 and a one year high of $19.31. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 442.10 and a beta of 1.46.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 16.3%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 7,200.00%.

Insider Transactions at ARMOUR Residential REIT

In other news, Director Robert C. Hain sold 6,833 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $18.06, for a total value of $123,403.98. Following the transaction, the director owned 1,010 shares of the company’s stock, valued at approximately $18,240.60. The trade was a 87.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP raised its stake in ARMOUR Residential REIT by 365.7% during the third quarter. Marshall Wace LLP now owns 2,495,203 shares of the real estate investment trust’s stock valued at $37,278,000 after purchasing an additional 1,959,447 shares in the last quarter. UBS Group AG lifted its holdings in shares of ARMOUR Residential REIT by 115.9% in the 3rd quarter. UBS Group AG now owns 1,109,852 shares of the real estate investment trust’s stock valued at $16,581,000 after acquiring an additional 595,773 shares during the last quarter. AQR Capital Management LLC grew its position in ARMOUR Residential REIT by 341.4% in the fourth quarter. AQR Capital Management LLC now owns 471,298 shares of the real estate investment trust’s stock worth $8,337,000 after acquiring an additional 364,515 shares in the last quarter. Invesco Ltd. increased its stake in ARMOUR Residential REIT by 22.3% during the third quarter. Invesco Ltd. now owns 1,855,148 shares of the real estate investment trust’s stock worth $27,716,000 after acquiring an additional 338,134 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in ARMOUR Residential REIT during the third quarter valued at approximately $4,258,000. 54.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JonesTrading raised shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $20.50 price target for the company in a research report on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of ARMOUR Residential REIT in a research report on Wednesday, January 21st. Compass Point began coverage on ARMOUR Residential REIT in a research note on Monday, December 15th. They issued a “buy” rating and a $18.50 price objective for the company. Finally, Zacks Research raised ARMOUR Residential REIT from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.33.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.