ARMOUR Residential REIT, Inc. to Issue Monthly Dividend of $0.24 (NYSE:ARR)

ARMOUR Residential REIT, Inc. (NYSE:ARR) declared a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, February 27th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 15.30%. The ex-dividend date is Friday, February 14th.

ARMOUR Residential REIT has a dividend payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.2 %

Shares of NYSE ARR opened at $18.83 on Friday. The business has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $19.58. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 7.98 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.

Insider Buying and Selling at ARMOUR Residential REIT

In other news, Director Stewart J. Paperin sold 24,852 shares of the 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 sale, the director now owns 363 shares in the company, valued at approximately $6,817.14. This represents a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Hain bought 2,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the acquisition, the director now directly owns 9,023 shares of the company’s stock, valued at approximately $172,158.84. The trade was a 38.33 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

ARR has been the subject of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Thursday, January 23rd. B. Riley upgraded ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

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.