ARMOUR Residential REIT, Inc. (ARR) to Issue Monthly Dividend of $0.24 on February 27th

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced a monthly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given 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 15.11%. 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 Stock Up 0.9 %

NYSE:ARR opened at $19.07 on Wednesday. The firm has a 50 day moving average of $18.82 and a 200 day moving average of $19.45. ARMOUR Residential REIT has a 52 week low of $17.35 and a 52 week high of $21.93. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.08 and a beta of 1.48.

Insider Transactions at ARMOUR Residential REIT

In related news, Director Stewart J. Paperin sold 24,852 shares of the company’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 completion of the transaction, the director now owns 363 shares of the company’s stock, valued at approximately $6,817.14. This represents a 98.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Hain sold 2,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $18.07, for a total value of $45,175.00. Following the transaction, the director now owns 6,793 shares in the company, valued at $122,749.51. This represents a 26.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in 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. B. Riley upgraded shares of ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. BTIG Research assumed coverage on shares of ARMOUR Residential REIT in a report on Monday. They issued a “neutral” rating on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus 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.