ARMOUR Residential REIT, Inc. (ARR) to Release Quarterly Earnings on Monday
ARMOUR Residential REIT, Inc. (NYSE:ARR) will issue its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
ARMOUR Residential REIT (NYSE:ARR) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. ARMOUR Residential REIT had a return on equity of 9.69% and a net margin of 108.49%. The company had revenue of $61.42 million for the quarter, compared to analyst estimates of $34.92 million. During the same quarter in the previous year, the company earned $0.72 EPS. On average, analysts expect ARMOUR Residential REIT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of ARMOUR Residential REIT, Inc. (ARR) opened at 25.19 on Monday. The stock has a market cap of $925.28 million, a price-to-earnings ratio of 3.41 and a beta of 0.78. The firm has a 50-day moving average price of $26.00 and a 200-day moving average price of $23.72. ARMOUR Residential REIT, Inc. has a one year low of $20.29 and a one year high of $27.60.
The company also recently declared a monthly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Monday, July 17th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $2.28 annualized dividend and a dividend yield of 9.05%. ARMOUR Residential REIT’s payout ratio is currently 30.94%.
Several equities research analysts have commented on the stock. BidaskClub lowered shares of ARMOUR Residential REIT from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, TheStreet upgraded shares of ARMOUR Residential REIT from a “d” rating to a “c” rating in a research note on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.63.
In related news, COO Mark Gruber acquired 2,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $25.05 per share, for a total transaction of $50,100.00. Following the completion of the purchase, the chief operating officer now directly owns 13,277 shares of the company’s stock, valued at $332,588.85. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.
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About ARMOUR Residential REIT
ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).
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