ARMOUR Residential REIT (NYSE:ARR – Get 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%.
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.
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