ARMOUR Residential REIT (NYSE:ARR) Issues Earnings Results

ARMOUR Residential REIT (NYSE:ARRGet Rating) released its earnings results on Wednesday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03, MarketWatch Earnings reports. ARMOUR Residential REIT had a net margin of 19.02% and a return on equity of 7.78%.

NYSE ARR traded down $0.14 during trading hours on Friday, reaching $7.35. 30,913 shares of the company’s stock were exchanged, compared to its average volume of 2,488,269. The company’s 50-day moving average is $8.18 and its two-hundred day moving average is $9.31. ARMOUR Residential REIT has a one year low of $7.14 and a one year high of $12.56. The company has a market capitalization of $705.96 million, a price-to-earnings ratio of 57.62 and a beta of 0.97.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 13th. This represents a $1.20 dividend on an annualized basis and a yield of 16.33%. ARMOUR Residential REIT’s payout ratio is 923.15%.

ARR has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price target on ARMOUR Residential REIT from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 10th. Barclays lowered their price target on ARMOUR Residential REIT from $9.00 to $8.00 in a research note on Wednesday. B. Riley lowered their price target on ARMOUR Residential REIT from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Tuesday, February 22nd. Zacks Investment Research raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, StockNews.com initiated coverage on ARMOUR Residential REIT in a research note on Thursday, March 31st. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in ARMOUR Residential REIT by 54.4% during the 2nd quarter. Royal Bank of Canada now owns 15,804 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 5,568 shares during the last quarter. Wells Fargo & Company MN boosted its position in ARMOUR Residential REIT by 12.8% during the 2nd quarter. Wells Fargo & Company MN now owns 71,260 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 8,092 shares during the last quarter. Morgan Stanley boosted its position in ARMOUR Residential REIT by 404.3% during the 2nd quarter. Morgan Stanley now owns 1,131,926 shares of the real estate investment trust’s stock worth $12,926,000 after acquiring an additional 907,467 shares during the last quarter. UBS Group AG boosted its position in ARMOUR Residential REIT by 33.5% during the 3rd quarter. UBS Group AG now owns 173,680 shares of the real estate investment trust’s stock worth $1,872,000 after acquiring an additional 43,569 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in ARMOUR Residential REIT by 19.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 762,414 shares of the real estate investment trust’s stock worth $8,218,000 after acquiring an additional 121,789 shares during the last quarter. 54.46% of the stock is owned by institutional investors and hedge funds.

About ARMOUR Residential REIT (Get Rating)

ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company's 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

Further Reading

Earnings History for ARMOUR Residential REIT (NYSE:ARR)

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