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%.
COPYRIGHT VIOLATION NOTICE: “ARMOUR Residential REIT (ARR) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/14/armour-residential-reit-arr-issues-quarterly-earnings-results-beats-estimates-by-0-03-eps.html.
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).
Receive News & Ratings for ARMOUR Residential REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARMOUR Residential REIT and related companies with MarketBeat.com's FREE daily email newsletter.