ARMOUR Residential REIT (ARR) Receiving Somewhat Favorable Press Coverage, Analysis Shows

Headlines about ARMOUR Residential REIT (NYSE:ARR) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ARMOUR Residential REIT earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.9213094271786 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Separately, Zacks Investment Research cut shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Shares of ARMOUR Residential REIT (NYSE:ARR) opened at $25.34 on Thursday. ARMOUR Residential REIT has a fifty-two week low of $20.81 and a fifty-two week high of $27.60. The stock has a market cap of $1,060.00, a P/E ratio of 5.01 and a beta of 0.74.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. ARMOUR Residential REIT had a net margin of 76.46% and a return on equity of 9.39%. The business had revenue of $39.64 million for the quarter, compared to the consensus estimate of $37.49 million. During the same period last year, the firm earned $0.68 earnings per share. analysts forecast that ARMOUR Residential REIT will post 2.69 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 16th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $2.28 annualized dividend and a yield of 9.00%. ARMOUR Residential REIT’s payout ratio is presently 45.06%.

In other ARMOUR Residential REIT news, COO Mark Gruber purchased 4,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were acquired at an average cost of $25.38 per share, for a total transaction of $101,520.00. Following the completion of the transaction, the chief operating officer now owns 19,958 shares of the company’s stock, valued at $506,534.04. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

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ARMOUR Residential REIT Company Profile

ARMOUR Residential REIT, Inc is a real estate investment trust. The Company invests in and manages a leveraged portfolio of mortgage-backed securities (MBS) and mortgage loans. The Company invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored enterprise (GSE), such as the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or a government agency, such as the Government National Mortgage Association (collectively, Agency Securities).

Insider Buying and Selling by Quarter for ARMOUR Residential REIT (NYSE:ARR)

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