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

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, March 27th. This represents a $2.88 dividend on an annualized basis and a yield of 15.21%. The ex-dividend date of this dividend is Monday, March 17th.

ARMOUR Residential REIT has a payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.7 %

Shares of ARR stock traded down $0.13 during trading hours on Wednesday, hitting $18.93. 3,171,168 shares of the company were exchanged, compared to its average volume of 2,190,485. The company has a market capitalization of $1.06 billion, a PE ratio of 8.02 and a beta of 1.48. ARMOUR Residential REIT has a 52 week low of $17.35 and a 52 week high of $21.93. The business has a 50 day moving average of $18.82 and a two-hundred day moving average of $19.45.

Insider Buying and Selling at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $18.78, for a total value of $466,720.56. Following the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Hain sold 2,500 shares of ARMOUR Residential REIT stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the sale, the director now owns 6,793 shares of the company’s stock, valued at $122,749.51. This trade represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARR shares. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, January 23rd. BTIG Research assumed coverage on ARMOUR Residential REIT in a research note on Monday. They issued a “neutral” rating on the stock. B. Riley raised ARMOUR Residential REIT to a “hold” rating in a research report on Tuesday, January 7th. Finally, StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, 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.