ARMOUR Residential REIT, Inc. (ARR) To Go Ex-Dividend on March 17th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Monday, March 17th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, March 27th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 14.99%. The ex-dividend date is Monday, March 17th.

ARMOUR Residential REIT has a payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of ARR stock opened at $19.22 on Friday. ARMOUR Residential REIT has a 1 year low of $17.35 and a 1 year high of $21.93. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.14 and a beta of 1.48. The stock has a fifty day moving average of $18.81 and a two-hundred day moving average of $19.45.

Insiders Place Their Bets

In related news, Director Robert C. Hain sold 2,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $18.07, for a total transaction of $45,175.00. Following the transaction, the director now directly owns 6,793 shares of the company’s stock, valued at approximately $122,749.51. The trade was a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stewart J. Paperin sold 24,852 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total value of $466,720.56. Following the sale, the director now owns 363 shares of the company’s stock, valued at $6,817.14. The trade was a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ARR. StockNews.com upgraded shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th. BTIG Research initiated coverage on ARMOUR Residential REIT in a report on Monday. They set a “neutral” rating on the stock. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Finally, B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, ARMOUR Residential REIT currently has an average rating of “Hold” and an average price target of $20.50.

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.