ARMOUR Residential REIT (ARR) Scheduled to Post Quarterly Earnings on Wednesday

ARMOUR Residential REIT (NYSE:ARR) is set to issue its quarterly earnings data on Wednesday, April 24th.

ARMOUR Residential REIT Price Performance

Shares of NYSE ARR opened at $18.36 on Tuesday. The stock has a market capitalization of $895.05 million, a price-to-earnings ratio of -9.61 and a beta of 1.48. The firm’s 50 day simple moving average is $19.03 and its 200-day simple moving average is $18.46. ARMOUR Residential REIT has a 12 month low of $13.31 and a 12 month high of $27.00.

ARMOUR Residential REIT Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be paid a $0.24 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 15.69%. The ex-dividend date of this dividend is Friday, April 12th. ARMOUR Residential REIT’s payout ratio is -150.78%.

Wall Street Analysts Forecast Growth

ARR has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, April 18th. StockNews.com lowered ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a research note on Friday, April 5th.

About ARMOUR Residential REIT

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.