ARMOUR Residential REIT (ARR) Projected to Post Quarterly Earnings on Thursday

ARMOUR Residential REIT (NYSE:ARR) is expected to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect ARMOUR Residential REIT to post earnings of $0.81 per share and revenue of $18.59 million for the quarter.

ARMOUR Residential REIT Stock Performance

ARMOUR Residential REIT stock opened at $13.99 on Thursday. The company has a market capitalization of $1.12 billion, a PE ratio of -32.53 and a beta of 1.23. The company has a 50 day moving average price of $17.62 and a 200-day moving average price of $18.55. ARMOUR Residential REIT has a fifty-two week low of $13.18 and a fifty-two week high of $21.93.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, April 15th. This represents a $2.88 dividend on an annualized basis and a yield of 20.59%. ARMOUR Residential REIT’s dividend payout ratio is currently -669.77%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. B. Riley raised ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Finally, BTIG Research started coverage on shares of ARMOUR Residential REIT in a report on Monday, February 10th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.50.

About ARMOUR Residential REIT

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.