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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given 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 dividend yield of 20.43%. The ex-dividend date is Tuesday, April 15th.

ARMOUR Residential REIT has a dividend 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 Trading Down 0.4 %

Shares of ARR stock opened at $14.10 on Friday. ARMOUR Residential REIT has a 12-month low of $13.18 and a 12-month high of $21.93. The stock has a market capitalization of $1.13 billion, a P/E ratio of -32.78 and a beta of 1.23. The firm’s 50 day moving average is $17.90 and its 200 day moving average is $18.67.

Insider Activity at ARMOUR Residential REIT

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ARR. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. StockNews.com cut ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. BTIG Research began coverage on shares of ARMOUR Residential REIT in a research report on Monday, February 10th. They set a “neutral” rating for the company. Finally, B. Riley raised shares of 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 issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.