ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Free Report) declared a monthly dividend on Thursday, December 26th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, January 30th. This represents a $2.88 annualized dividend and a yield of 15.71%. The ex-dividend date is Wednesday, January 15th.
ARMOUR Residential REIT has a payout ratio of 57.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ARMOUR Residential REIT to earn $4.11 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 70.1%.
ARMOUR Residential REIT Price Performance
ARMOUR Residential REIT stock opened at $18.33 on Monday. The firm has a market cap of $1.02 billion, a P/E ratio of 7.77 and a beta of 1.47. ARMOUR Residential REIT has a one year low of $17.35 and a one year high of $21.93. The stock’s 50 day moving average is $18.92 and its 200 day moving average is $19.71.
Insider Buying and Selling
In other news, Director Robert C. Hain acquired 2,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares of the company’s stock, valued at $172,158.84. The trade was a 38.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stewart J. Paperin sold 24,852 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the completion of the transaction, the director now directly owns 363 shares in the company, valued at approximately $6,817.14. The trade was a 98.56 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. StockNews.com raised ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.
View Our Latest Analysis on ARMOUR Residential REIT
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.
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