ARMOUR Residential REIT (NYSE:ARR) had declared a cash dividend of $0.2200 on Oct 3, 2016. The shares will quote ex-dividend on Oct 12, 2016 and the record date has been fixed for Oct 14, 2016. On Oct 3, 2016 share price, the yield comes out to be 11.7125%. The dividend payable date has been fixed on Oct 27, 2016.
In a different note, On Aug 4, 2016, Barclays said it Maintains its rating on ARMOUR Residential REIT. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 4, 2016, Deutsche Bank said it Maintains its rating on ARMOUR Residential REIT. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Hold’ by the firm.
ARMOUR Residential REIT (ARR) made into the market gainers list on Fridays trading session with the shares advancing 0.51% or 0.11 points. Due to strong positive momentum, the stock ended at $21.85, which is also near the day’s high of $21.94. The stock began the session at $21.76 and the volume stood at 2,87,048 shares. The 52-week high of the shares is $23.23 and the 52 week low is $16.61. The company has a current market capitalization of $802 M and it has 3,67,03,275 shares in outstanding.
ARMOUR Residential REIT(ARR) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $65.14M. Analysts had an estimated revenue of $71.21M. Earnings per share were $0.63.
Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Jeffrey J Zimmer (CEO) purchased 10,000 shares at $22.11 per share price.Also, On Aug 22, 2016, Scott Ulm (CEO) purchased 5,000 shares at $22.07 per share price.On May 4, 2016, James R Mountain (CFO) purchased 2,000 shares at $19.95 per share price, according to the Form-4 filing with the securities and exchange commission.
ARMOUR Residential REIT Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities. The Company’s securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is authorized to invest in Agency Securities and Non-Agency Securities backed by fixed rate hybrid adjustable rate and adjustable rate home loans as well as unsecured notes and bonds issued by United States Government-sponsored entity (GSE) Treasuries and money market instruments. The Company’s investment securities are issued or guaranteed by the United States Government-sponsored entity such as the Federal National Mortgage Association (Fannie Mae) the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae). The Company is externally managed by ARMOUR Capital Management LP (ACM) an investment advisor.