ARMOUR Residential REIT, Inc. (NYSE:ARR – Get Rating) – Analysts at B. Riley increased their Q2 2023 EPS estimates for ARMOUR Residential REIT in a research note issued to investors on Tuesday, May 2nd. B. Riley analyst M. Howlett now expects that the real estate investment trust will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for ARMOUR Residential REIT’s current full-year earnings is $1.09 per share. B. Riley also issued estimates for ARMOUR Residential REIT’s Q3 2023 earnings at $0.27 EPS and FY2023 earnings at $1.07 EPS.
A number of other equities analysts have also recently issued reports on ARR. StockNews.com assumed coverage on shares of ARMOUR Residential REIT in a research note on Thursday, March 16th. They issued a “sell” rating for the company. Barclays reduced their target price on shares of ARMOUR Residential REIT from $6.00 to $5.00 in a research note on Friday, January 6th.
ARMOUR Residential REIT Stock Down 1.0 %
ARMOUR Residential REIT Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, May 30th. Investors of record on Monday, May 15th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 19.47%. The ex-dividend date of this dividend is Friday, May 12th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is presently -65.75%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ARR. MAS Advisors LLC bought a new position in shares of ARMOUR Residential REIT in the 1st quarter worth $331,000. PNC Financial Services Group Inc. grew its holdings in ARMOUR Residential REIT by 66.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,766 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,901 shares in the last quarter. MetLife Investment Management LLC increased its holdings in ARMOUR Residential REIT by 42.0% during the 1st quarter. MetLife Investment Management LLC now owns 41,102 shares of the real estate investment trust’s stock worth $345,000 after acquiring an additional 12,162 shares during the period. Rhumbline Advisers increased its holdings in ARMOUR Residential REIT by 1.3% during the 1st quarter. Rhumbline Advisers now owns 244,644 shares of the real estate investment trust’s stock worth $2,055,000 after acquiring an additional 3,134 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in ARMOUR Residential REIT by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 77,321 shares of the real estate investment trust’s stock worth $649,000 after acquiring an additional 9,534 shares during the period. Institutional investors own 50.73% of the company’s stock.
ARMOUR Residential REIT Company Profile
ARMOUR Residential REIT, Inc operates as a real estate investment trust, which engages in the investment in business of investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. It also invests in residential mortgage backed securities issued or guaranteed by a United States government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration.
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