ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on August 17th

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 17.6%. The ex-dividend date of this dividend is Monday, August 17th.

ARMOUR Residential REIT has decreased its dividend payment by an average of 0.1%per year over the last three years. ARMOUR Residential REIT has a payout ratio of 82.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect ARMOUR Residential REIT to earn $3.00 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 96.0%.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR opened at $16.36 on Thursday. ARMOUR Residential REIT has a twelve month low of $13.98 and a twelve month high of $19.31. The firm has a market cap of $2.03 billion, a PE ratio of 8.52 and a beta of 1.36. The business has a fifty day moving average of $16.94 and a 200-day moving average of $17.38.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. ARMOUR Residential REIT had a net margin of 27.43% and a return on equity of 15.39%. The business had revenue of $113.29 million for the quarter, compared to the consensus estimate of $111.98 million. On average, analysts anticipate that ARMOUR Residential REIT will post 2.82 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ARR. Royal Bank of Canada lifted its holdings in ARMOUR Residential REIT by 50.3% in the first quarter. Royal Bank of Canada now owns 122,055 shares of the real estate investment trust’s stock valued at $2,088,000 after buying an additional 40,860 shares during the period. AQR Capital Management LLC raised its position in shares of ARMOUR Residential REIT by 26.1% during the 1st quarter. AQR Capital Management LLC now owns 14,393 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 2,980 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ARMOUR Residential REIT by 38.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 807,027 shares of the real estate investment trust’s stock valued at $13,800,000 after purchasing an additional 222,923 shares during the period. Intech Investment Management LLC boosted its position in shares of ARMOUR Residential REIT by 189.5% in the 1st quarter. Intech Investment Management LLC now owns 92,237 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 60,371 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of ARMOUR Residential REIT in the 1st quarter worth $181,000. Institutional investors own 54.17% of the company’s stock.

ARMOUR Residential REIT Company Profile

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.