ARMOUR Residential REIT, Inc. (ARR) Set to Announce Quarterly Earnings on Tuesday
ARMOUR Residential REIT, Inc. (NYSE:ARR) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
ARMOUR Residential REIT (NYSE:ARR) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The business had revenue of $39.06 million for the quarter, compared to analyst estimates of $34.53 million. ARMOUR Residential REIT had a return on equity of 9.26% and a net margin of 114.11%. During the same period last year, the company posted $0.63 earnings per share. On average, analysts expect ARMOUR Residential REIT to post $2.66 EPS for the current fiscal year and $2.39 EPS for the next fiscal year.
Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR) opened at 26.88 on Tuesday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 3.53 and a beta of 0.77. The company’s 50-day moving average price is $26.73 and its 200-day moving average price is $25.79. ARMOUR Residential REIT, Inc. has a one year low of $20.29 and a one year high of $27.60.
The firm also recently announced a monthly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 16th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $2.28 annualized dividend and a yield of 8.48%. ARMOUR Residential REIT’s dividend payout ratio is 30.00%.
In other ARMOUR Residential REIT news, COO Mark Gruber bought 2,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $25.33 per share, for a total transaction of $50,660.00. Following the purchase, the chief operating officer now owns 15,619 shares in the company, valued at approximately $395,629.27. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.
Several brokerages have commented on ARR. BidaskClub upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, ValuEngine upgraded ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $24.00.
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ARMOUR Residential REIT Company Profile
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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