ARMOUR Residential REIT (ARR) Issues Earnings Results
ARMOUR Residential REIT (NYSE:ARR) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $0.71 earnings per share.
Shares of ARMOUR Residential REIT (NYSE ARR) traded up $0.01 during mid-day trading on Wednesday, reaching $22.75. 356,817 shares of the company’s stock were exchanged, compared to its average volume of 521,330. The firm has a market capitalization of $952.51, a PE ratio of 4.50 and a beta of 0.55. ARMOUR Residential REIT has a 12-month low of $21.30 and a 12-month high of $27.60.
The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date is Wednesday, February 14th. ARMOUR Residential REIT’s dividend payout ratio is currently 45.06%.
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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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