ARMOUR Residential REIT, Inc. (NYSE:ARR) Plans $0.24 Monthly Dividend

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% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.9 %

Shares of ARMOUR Residential REIT stock opened at $19.07 on Wednesday. ARMOUR Residential REIT has a twelve month low of $17.35 and a twelve month high of $21.93. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.08 and a beta of 1.48. The firm’s 50-day moving average price is $18.82 and its 200 day moving average price is $19.45.

Insiders Place Their Bets

In related news, Director Robert C. Hain sold 2,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $18.07, for a total transaction of $45,175.00. Following the completion of the sale, the director now directly owns 6,793 shares in the company, valued at approximately $122,749.51. This trade represents a 26.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stewart J. Paperin sold 24,852 shares of ARMOUR Residential REIT stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $18.78, for a total transaction of $466,720.56. Following the transaction, the director now directly owns 363 shares in the company, valued at $6,817.14. This trade represents 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.

Analyst Ratings Changes

ARR has been the topic of several research reports. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research report on Thursday, January 23rd. B. Riley raised ARMOUR Residential REIT to a “hold” rating in a research note on Tuesday, January 7th. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, BTIG Research started coverage on shares of ARMOUR Residential REIT in a report on Monday. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.50.

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.