ARMOUR Residential REIT (ARR) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

ARMOUR Residential REIT (NYSE:ARR) announced its earnings results on Tuesday. The real estate investment trust reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03, Bloomberg Earnings reports. ARMOUR Residential REIT had a net margin of 76.46% and a return on equity of 9.39%. During the same quarter in the previous year, the business earned $0.71 earnings per share.

Shares of ARMOUR Residential REIT (ARR) traded up $0.01 on Wednesday, reaching $22.75. 356,817 shares of the company traded hands, compared to its average volume of 521,330. ARMOUR Residential REIT has a fifty-two week low of $21.30 and a fifty-two week high of $27.60. The firm has a market capitalization of $952.51, a PE ratio of 4.50 and a beta of 0.55.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 10.02%. The ex-dividend date is Wednesday, February 14th. ARMOUR Residential REIT’s payout ratio is 45.06%.

Separately, Zacks Investment Research cut shares of ARMOUR Residential REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 17th.

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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).

Earnings History for ARMOUR Residential REIT (NYSE:ARR)

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