ARMOUR Residential REIT (ARR) Issues Earnings Results, Beats Estimates By $0.03 EPS
ARMOUR Residential REIT (NYSE:ARR) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03, Bloomberg Earnings reports. ARMOUR Residential REIT had a return on equity of 9.39% and a net margin of 76.46%. During the same period in the prior year, the business earned $0.71 earnings per share.
Shares of ARMOUR Residential REIT (NYSE:ARR) opened at $22.75 on Thursday. The firm has a market capitalization of $960.05, a P/E ratio of 4.50 and a beta of 0.56. ARMOUR Residential REIT has a fifty-two week low of $21.30 and a fifty-two week high of $27.60.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 10.02%. The ex-dividend date is Wednesday, February 14th. ARMOUR Residential REIT’s payout ratio is currently 45.06%.
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About ARMOUR Residential REIT
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).
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