News stories about ARMOUR Residential REIT (NYSE:ARR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. ARMOUR Residential REIT earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.8645835850335 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- ARMOUR Residential REIT Inc (NYSE: ARR) – Do Investors Feel Confident About Stock’s Future Direction? – Alpha Beta Stock (alphabetastock.com)
- Ex-Dividend Reminder: Assured Guaranty, Zions Bancorporation and ARMOUR Residential REIT – Nasdaq (nasdaq.com)
- Top Buys by Top Brass: Chief Operating Officer Gruber’s $152.2K Bet on ARR (nasdaq.com)
- ARMOUR Residential REIT, Inc. (ARR) – Oversold Roundup – Wall Street Morning (wallstreetmorning.com)
- Is ARMOUR Residential REIT, Inc. (NYSE:ARR) a Good Investment? – The Oracle Examiner (oracleexaminer.com)
A number of research firms have weighed in on ARR. Zacks Investment Research upgraded shares of ARMOUR Residential REIT from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, October 31st. ValuEngine upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of ARMOUR Residential REIT from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th.
ARMOUR Residential REIT (NYSE:ARR) traded down $0.10 during trading on Friday, hitting $24.21. 570,100 shares of the stock were exchanged, compared to its average volume of 599,269. ARMOUR Residential REIT has a fifty-two week low of $20.29 and a fifty-two week high of $27.60. The stock has a market capitalization of $1,017.83, a price-to-earnings ratio of 8.74 and a beta of 0.73.
ARMOUR Residential REIT (NYSE:ARR) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $37.49 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. sell-side analysts anticipate that ARMOUR Residential REIT will post 2.69 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Monday, November 27th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 9.42%. The ex-dividend date of this dividend is Tuesday, November 14th. ARMOUR Residential REIT’s payout ratio is 45.06%.
In other ARMOUR Residential REIT news, COO Mark Gruber bought 4,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $25.38 per share, with a total value of $101,520.00. Following the completion of the acquisition, the chief operating officer now directly owns 19,958 shares of the company’s stock, valued at $506,534.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 4,700 shares of company stock valued at $119,411 in the last ninety days. Insiders own 1.20% of the company’s stock.
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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).
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