ARMOUR Residential REIT, Inc. (ARR) to Distribute Monthly Dividend of $0.24 on August 28th

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, July 21st. Shareholders of record on Monday, August 17th will be given a dividend of 0.24 per share by the real estate investment trust on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 17.2%. The ex-dividend date is Monday, August 17th.

ARMOUR Residential REIT has decreased its dividend by an average of 0.1%per year over the last three years. ARMOUR Residential REIT has a payout ratio of 82.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect ARMOUR Residential REIT to earn $3.11 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 92.6%.

ARMOUR Residential REIT Stock Up 0.2%

ARR opened at $16.75 on Friday. The firm’s fifty day simple moving average is $16.80 and its two-hundred day simple moving average is $17.15. ARMOUR Residential REIT has a 52-week low of $13.98 and a 52-week high of $19.31. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 4.50 and a beta of 1.37.

ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. The business had revenue of $113.29 million during the quarter, compared to analysts’ expectations of $111.98 million. On average, research analysts forecast that ARMOUR Residential REIT will post 2.93 EPS for the current year.

Hedge Funds Weigh In On ARMOUR Residential REIT

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP grew its stake in ARMOUR Residential REIT by 620.6% during the 3rd quarter. Quarry LP now owns 1,823 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 1,570 shares in the last quarter. Allworth Financial LP grew its position in shares of ARMOUR Residential REIT by 40.7% in the fourth quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 685 shares in the last quarter. Danske Bank A S purchased a new stake in shares of ARMOUR Residential REIT in the third quarter valued at approximately $42,000. McIlrath & Eck LLC increased its holdings in shares of ARMOUR Residential REIT by 161.2% in the first quarter. McIlrath & Eck LLC now owns 3,129 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,931 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ARMOUR Residential REIT in the second quarter valued at approximately $55,000. 54.17% of the stock is currently owned by institutional investors and hedge funds.

About ARMOUR Residential REIT

ARMOUR Residential REIT (NYSE:ARR) is a mortgage real estate investment trust that was formed in 2008 to acquire and manage a portfolio of residential mortgage-backed securities (RMBS). The company’s investments are primarily agency-sponsored and agency-guaranteed RMBS issued by U.S. government-sponsored enterprises, along with credit risk transfer securities and select non-agency residential and multifamily RMBS. By focusing on high-quality mortgage assets, ARMOUR Residential REIT seeks to generate stable income and preserve capital through diversified exposure to the U.S.