ARMOUR Residential REIT, Inc. to Post Q2 2024 Earnings of $0.87 Per Share, B. Riley Forecasts (NYSE:ARR)

ARMOUR Residential REIT, Inc. (NYSE:ARR) – B. Riley issued their Q2 2024 EPS estimates for ARMOUR Residential REIT in a research report issued on Monday, April 29th. B. Riley analyst M. Howlett anticipates that the real estate investment trust will post earnings of $0.87 per share for the quarter. The consensus estimate for ARMOUR Residential REIT’s current full-year earnings is $3.75 per share. B. Riley also issued estimates for ARMOUR Residential REIT’s Q3 2024 earnings at $0.88 EPS, Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $3.48 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.10 EPS, Q4 2025 earnings at $1.14 EPS and FY2025 earnings at $4.35 EPS.

ARMOUR Residential REIT (NYSE:ARR) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.22. The company had revenue of $141.48 million during the quarter, compared to analysts’ expectations of $39.60 million. ARMOUR Residential REIT had a negative net margin of 3.83% and a positive return on equity of 15.68%.

Several other research analysts have also recently weighed in on ARR. JMP Securities reiterated a “market perform” rating on shares of ARMOUR Residential REIT in a report on Thursday, April 18th. StockNews.com cut shares of ARMOUR Residential REIT from a “hold” rating to a “sell” rating in a report on Friday, April 5th.

ARMOUR Residential REIT Stock Up 2.5 %

ARMOUR Residential REIT stock opened at $18.63 on Wednesday. The stock has a market capitalization of $908.21 million, a PE ratio of -25.87 and a beta of 1.48. ARMOUR Residential REIT has a twelve month low of $13.31 and a twelve month high of $27.00. The company has a 50 day moving average of $18.99 and a 200-day moving average of $18.43.

ARMOUR Residential REIT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.24 per share. This represents a $2.88 annualized dividend and a yield of 15.46%. The ex-dividend date of this dividend is Tuesday, May 14th. ARMOUR Residential REIT’s payout ratio is -399.99%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in ARMOUR Residential REIT by 12.6% during the third quarter. CWM LLC now owns 6,803 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 760 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in ARMOUR Residential REIT by 454.7% during the first quarter. Global Retirement Partners LLC now owns 1,664 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,364 shares during the last quarter. Ieq Capital LLC acquired a new position in ARMOUR Residential REIT during the third quarter worth $43,000. Quadrant Capital Group LLC raised its position in ARMOUR Residential REIT by 74.0% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Profund Advisors LLC raised its position in ARMOUR Residential REIT by 11.2% during the third quarter. Profund Advisors LLC now owns 12,866 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 1,294 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

About ARMOUR Residential REIT

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.