ARMOR Residential REIT, Inc. (NYSE: ARR – Get Rating) declared a monthly dividend on Monday, May 23rd, Zacks reports. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.10 per share by the real estate investment trust on Wednesday, June 29th. This represents a $ 1.20 dividend on an annualized basis and a yield of 16.00%. The ex-dividend date is Tuesday, June 14th.
ARMOUR Residential REIT has decreased its dividend payment by an average of 19.3% annually over the last three years. ARMOUR Residential REIT has a payout ratio of 115.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect ARMOUR Residential REIT to earn $ 1.08 per share next year, which means the company may not be able to cover its $ 1.20 annual dividend with an expected future payout ratio of 111.1%.
ARR traded up $ 0.02 on Wednesday, reaching $ 7.50. The stock had a trading volume of 30,399 shares, compared to its average volume of 2,563,045. The business’s 50-day moving average price is $ 7.86 and its two-hundred day moving average price is $ 8.91. ARMOUR Residential REIT has a 12-month low of $ 7.14 and a 12-month high of $ 12.29. The company has a market cap of $ 773.78 million, a P / E ratio of -4.62 and a beta of 0.99.
ARMOUR Residential REIT (NYSE: ARR – Get Rating) last announced its earnings results on Wednesday, April 27th. The real estate investment trust reported $ 0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.25 by $ 0.03. ARMOR Residential REIT had a negative net margin of 128.09% and a positive return on equity of 8.60%. Analysts predict that ARMOUR Residential REIT will post 1.08 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in ARMOR Residential REIT by 66.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock worth $ 41,000 after buying an additional 1,901 shares during the period. First Trust Advisors LP acquired a new position in ARMOR Residential REIT during the 1st quarter worth approximately $ 97,000. Guggenheim Capital LLC acquired a new position in ARMOR Residential REIT during the 4th quarter worth approximately $ 110,000. LPL Financial LLC acquired a new position in ARMOR Residential REIT during the 4th quarter worth approximately $ 116,000. Finally, Bridgefront Capital LLC acquired a new position in ARMOR Residential REIT during the 1st quarter worth approximately $ 124,000. 51.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on ARR shares. Zacks Investment Research upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “strong-buy” rating and set a $ 8.50 price target on the stock in a research report on Tuesday, May 3rd. B. Riley reduced their target price on shares of ARMOR Residential REIT from $ 11.00 to $ 9.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 22nd. StockNews.com started coverage on shares of ARMOUR Residential REIT in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Barclays reduced their price target on shares of ARMOR Residential REIT from $ 9.00 to $ 8.00 in a research note on Wednesday, April 27th. Finally, Credit Suisse Group reduced their price target on shares of ARMOUR Residential REIT from $ 10.00 to $ 9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $ 8.75.
ARMOR Residential REIT Company Profile (Get Rating)
ARMOUR Residential REIT, Inc invests in residential mortgage-backed securities (MBS) in the United States. The company’s 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, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.
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