B. Riley Comments on ARMOUR Residential REIT, Inc.’s Q2 2024 Earnings (NYSE:ARR)

ARMOUR Residential REIT, Inc. (NYSE:ARR) – Research analysts at B. Riley issued their Q2 2024 EPS estimates for ARMOUR Residential REIT in a report issued on Monday, April 29th. B. Riley analyst M. Howlett anticipates that the real estate investment trust will earn $0.87 per share for the quarter. The consensus estimate for ARMOUR Residential REIT’s current full-year earnings is $3.46 per share. B. Riley also issued estimates for ARMOUR Residential REIT’s Q3 2024 earnings at $0.88 EPS, Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.48 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.10 EPS, Q4 2025 earnings at $1.14 EPS and FY2025 earnings at $4.35 EPS.

ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.60 by $0.22. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%. The business had revenue of $141.48 million during the quarter, compared to the consensus estimate of $39.60 million.

A number of other equities research analysts have also weighed in on ARR. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. JMP Securities reissued a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, April 18th.

ARMOUR Residential REIT Stock Performance

Shares of NYSE:ARR opened at $18.83 on Wednesday. ARMOUR Residential REIT has a 52-week low of $13.31 and a 52-week high of $27.00. The company has a market capitalization of $917.72 million, a PE ratio of -26.15 and a beta of 1.48. The company has a fifty day moving average of $18.99 and a 200-day moving average of $18.44.

ARMOUR Residential REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.30%. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -399.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in shares of ARMOUR Residential REIT by 22.8% during the third quarter. Van ECK Associates Corp now owns 1,455,027 shares of the real estate investment trust’s stock worth $6,184,000 after acquiring an additional 270,192 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in ARMOUR Residential REIT during the 3rd quarter worth approximately $241,000. Rhumbline Advisers raised its holdings in ARMOUR Residential REIT by 18.5% during the 3rd quarter. Rhumbline Advisers now owns 660,713 shares of the real estate investment trust’s stock worth $2,808,000 after purchasing an additional 103,248 shares during the last quarter. Invesco Ltd. lifted its position in shares of ARMOUR Residential REIT by 93.5% in the 3rd quarter. Invesco Ltd. now owns 7,011,244 shares of the real estate investment trust’s stock worth $29,798,000 after purchasing an additional 3,387,825 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of ARMOUR Residential REIT by 10.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,231,061 shares of the real estate investment trust’s stock valued at $5,232,000 after purchasing an additional 119,460 shares during the last quarter. 54.17% of the stock is owned by institutional investors and hedge funds.

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.