ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on April 15th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Tuesday, April 29th. This represents a $2.88 annualized dividend and a yield of 20.43%. The ex-dividend date is Tuesday, April 15th.

ARMOUR Residential REIT has a payout ratio of 77.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect ARMOUR Residential REIT to earn $4.25 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 67.8%.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $14.10 on Friday. ARMOUR Residential REIT has a 1 year low of $13.18 and a 1 year high of $21.93. The firm has a 50-day moving average of $17.90 and a 200 day moving average of $18.67. The stock has a market cap of $1.13 billion, a P/E ratio of -32.78 and a beta of 1.23.

Insider Buying and Selling

In other ARMOUR Residential REIT news, Director Robert C. Hain sold 2,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the sale, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This trade represents a 26.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

ARMOUR Residential REIT Company Profile

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.