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

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, December 26th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, January 30th. This represents a $2.88 annualized dividend and a yield of 15.41%. The ex-dividend date is Wednesday, January 15th.

ARMOUR Residential REIT has a payout ratio of 71.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect ARMOUR Residential REIT to earn $4.11 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 70.1%.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR traded up $0.01 during mid-day trading on Friday, hitting $18.69. The company had a trading volume of 1,222,292 shares, compared to its average volume of 1,256,896. ARMOUR Residential REIT has a 12 month low of $17.35 and a 12 month high of $21.93. The firm has a market cap of $1.04 billion, a P/E ratio of 7.92 and a beta of 1.49. The business’s 50-day simple moving average is $19.04 and its 200-day simple moving average is $19.75.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $127.06 million during the quarter, compared to the consensus estimate of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%. As a group, sell-side analysts predict that ARMOUR Residential REIT will post 3.91 EPS for the current year.

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Chairman Daniel C. Staton bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $19.86 per share, with a total value of $198,600.00. Following the transaction, the chairman now owns 24,040 shares in the company, valued at $477,434.40. This represents a 71.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Hain purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average cost of $19.08 per share, with a total value of $47,700.00. Following the completion of the purchase, the director now directly owns 9,023 shares in the company, valued at approximately $172,158.84. This represents a 38.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.

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.