Media headlines about ARMOUR Residential REIT (NYSE:ARR) have been trending positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ARMOUR Residential REIT earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 47.4887489172586 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
ARMOUR Residential REIT (ARR) traded up $0.01 during trading on Wednesday, reaching $22.39. 25,438 shares of the company were exchanged, compared to its average volume of 512,044. The firm has a market cap of $937.02, a price-to-earnings ratio of 5.42 and a beta of 0.60. ARMOUR Residential REIT has a 1 year low of $21.30 and a 1 year high of $27.60.
ARMOUR Residential REIT (NYSE:ARR) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. ARMOUR Residential REIT had a net margin of 65.90% and a return on equity of 12.51%. During the same quarter last year, the company posted $0.71 earnings per share. research analysts expect that ARMOUR Residential REIT will post 2.75 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date of this dividend is Wednesday, March 14th. ARMOUR Residential REIT’s dividend payout ratio (DPR) is currently 55.21%.
Separately, Zacks Investment Research lowered shares of ARMOUR Residential REIT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st.
In related news, COO Mark Gruber bought 2,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of $22.70 per share, with a total value of $45,400.00. Following the purchase, the chief operating officer now directly owns 22,300 shares of the company’s stock, valued at approximately $506,210. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James R. Mountain bought 4,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $22.99 per share, with a total value of $91,960.00. Following the purchase, the chief financial officer now directly owns 23,579 shares in the company, valued at $542,081.21. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
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).