B. Riley Equities Analysts Raise Earnings Estimates for ARR

ARMOUR Residential REIT, Inc. (NYSE:ARR) – Equities research analysts at B. Riley upped their FY2024 earnings estimates for ARMOUR Residential REIT in a report released on Monday, December 9th. B. Riley analyst M. Howlett now expects that the real estate investment trust will post earnings per share of $3.90 for the year, up from their previous estimate of $3.77. The consensus estimate for ARMOUR Residential REIT’s current full-year earnings is $3.86 per share. B. Riley also issued estimates for ARMOUR Residential REIT’s Q4 2024 earnings at $1.00 EPS, Q1 2025 earnings at $1.04 EPS, Q1 2026 earnings at $1.16 EPS and Q2 2026 earnings at $1.18 EPS.

ARMOUR Residential REIT (NYSE:ARR) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. The company had revenue of $127.06 million for the quarter, compared to analyst estimates of $10.95 million. ARMOUR Residential REIT had a net margin of 24.17% and a return on equity of 16.76%.

Other analysts have also issued research reports about the stock. JMP Securities restated a “market perform” rating on shares of ARMOUR Residential REIT in a research note on Wednesday, August 28th. StockNews.com raised shares of ARMOUR Residential REIT from a “sell” rating to a “hold” rating in a report on Friday, October 25th.

ARMOUR Residential REIT Trading Down 0.1 %

Shares of NYSE:ARR opened at $19.45 on Wednesday. The company has a fifty day simple moving average of $19.23 and a 200 day simple moving average of $19.78. The firm has a market cap of $1.08 billion, a PE ratio of 8.24 and a beta of 1.49. ARMOUR Residential REIT has a 12-month low of $17.35 and a 12-month high of $21.93.

Hedge Funds Weigh In On ARMOUR Residential REIT

Several institutional investors and hedge funds have recently bought and sold shares of ARR. State Street Corp grew its stake in shares of ARMOUR Residential REIT by 1.5% in the 3rd quarter. State Street Corp now owns 1,807,864 shares of the real estate investment trust’s stock valued at $36,880,000 after buying an additional 27,575 shares in the last quarter. Geode Capital Management LLC boosted its position in ARMOUR Residential REIT by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,148,151 shares of the real estate investment trust’s stock worth $23,427,000 after purchasing an additional 9,519 shares during the period. Charles Schwab Investment Management Inc. boosted its position in ARMOUR Residential REIT by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 452,486 shares of the real estate investment trust’s stock worth $9,231,000 after purchasing an additional 9,425 shares during the period. Van ECK Associates Corp boosted its position in ARMOUR Residential REIT by 15.8% during the second quarter. Van ECK Associates Corp now owns 349,241 shares of the real estate investment trust’s stock worth $6,768,000 after purchasing an additional 47,735 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in ARMOUR Residential REIT by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 338,652 shares of the real estate investment trust’s stock worth $6,563,000 after purchasing an additional 6,509 shares during the period. Hedge funds and other institutional investors own 54.17% of the company’s stock.

Insider Buying and Selling

In other ARMOUR Residential REIT news, Director Robert C. Hain purchased 2,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the director now owns 9,023 shares in the company, valued at $172,158.84. The trade was a 38.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Daniel C. Staton purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average price of $19.86 per share, for a total transaction of $198,600.00. Following the completion of the transaction, the chairman now owns 24,040 shares of the company’s stock, valued at $477,434.40. This represents a 71.23 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

ARMOUR Residential REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.24 dividend. This represents a $2.88 annualized dividend and a yield of 14.81%. The ex-dividend date is Monday, December 16th. ARMOUR Residential REIT’s payout ratio is currently 122.03%.

ARMOUR Residential REIT Company Profile

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.