ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on September 29th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, August 27th. Investors of record on Tuesday, September 15th will be given a dividend of 0.24 per share by the real estate investment trust on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 17.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Down 0.5%

NYSE:ARR opened at $16.32 on Friday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 4.39 and a beta of 1.37. The company’s 50-day moving average is $16.69 and its two-hundred day moving average is $17.05. ARMOUR Residential REIT has a 12-month low of $13.98 and a 12-month high of $19.31.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly 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. The business had revenue of $113.29 million during the quarter, compared to the consensus estimate of $111.98 million. ARMOUR Residential REIT had a net margin of 44.90% and a return on equity of 15.10%. On average, equities research analysts forecast that ARMOUR Residential REIT will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in ARMOUR Residential REIT by 0.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 86,494 shares of the real estate investment trust’s stock worth $1,531,000 after purchasing an additional 579 shares during the period. Allworth Financial LP grew its stake in shares of ARMOUR Residential REIT by 40.7% during the 4th quarter. Allworth Financial LP now owns 2,369 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 685 shares during the period. Kovack Advisors Inc. grew its stake in shares of ARMOUR Residential REIT by 2.9% during the 2nd quarter. Kovack Advisors Inc. now owns 29,016 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 814 shares during the period. Stephens Inc. AR increased its holdings in shares of ARMOUR Residential REIT by 5.0% during the 4th quarter. Stephens Inc. AR now owns 19,310 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 915 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of ARMOUR Residential REIT by 4.7% during the 4th quarter. ProShare Advisors LLC now owns 21,946 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 988 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

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.