Monday, January 05, 2015 12:14:10 AM
Dec. 24, 2014
"ARMOUR Residential REIT (NYSE:ARR) surprised pretty much no one when it announced lower monthly dividends for Q1 2015. The company has slashed its dividend by 20% to $0.04 per month, compared to $0.05 per month for all of 2014. At current prices, ARMOUR yields 13% and trades at a 20% discount to its Q3 2014 NAV of $4.58 per share.
While I am being a tad too harsh on ARMOUR, the company has been seeing its fundamentals deteriorate. For the most recent quarter, Q3 2014, ARMOUR saw its "core income" drop to $0.13 per share, down from around $0.14 per share in Q2 2014 and $0.15 per share in Q1 2014. In other words, ARMOUR has posted falling "core income" every quarter, an unsustainable trend by pretty much any definition..."
"Conclusion
ARMOUR continues to be one of the weaker names among the mREITs. The company has sky-high leverage, above 8.4x, well above peers, who typically have leverage in the 5x-6x range. In addition, management has had a dubious track record in creating shareholder wealth, seeing NAV decline in periods where many mREITs have prospered, such as for Q1 2014. My simple suggestion is to avoid ARMOUR. There are many of other names in the sector offering similar yields with much less risk."
http://seekingalpha.com/article/2777815-armour-residential-reit-a-20-percent-dividend-cut-just-in-time-for-the-holidays
Recent ARR News
- ARMOUR Residential REIT, Inc. Announces September 2024 Dividend Rate Per Common Share • GlobeNewswire Inc. • 08/29/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Announces Q2 Results and June 30, 2024 Financial Position • GlobeNewswire Inc. • 07/24/2024 08:15:42 PM
- ARMOUR Residential REIT, Inc. Announces August 2024 Dividend Rate per Common Share • GlobeNewswire Inc. • 07/23/2024 08:20:00 PM
- ARMOUR Residential REIT, Inc. Second Quarter 2024 Webcast Scheduled for July 25, 2024 • GlobeNewswire Inc. • 07/23/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Confirms July 2024 Common Share and Series C Preferred Share Dividends • GlobeNewswire Inc. • 07/01/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Announces Guidance for July 2024 Dividend Rate per Common Share • GlobeNewswire Inc. • 06/24/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:11:48 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 08:21:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:27:37 PM
- ARMOUR Residential REIT, Inc. Announces June 2024 Dividend Rate Per Common Share • GlobeNewswire Inc. • 05/30/2024 08:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:43:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:37:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 08:34:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:01:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:12:02 PM
- ARMOUR Residential REIT, Inc. Announces Q1 Results and March 31, 2024 Financial Position • GlobeNewswire Inc. • 04/25/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Announces May 2024 Dividend Rate Per Common Share • GlobeNewswire Inc. • 04/24/2024 08:20:00 PM
- ARMOUR Residential REIT, Inc. First Quarter 2024 Webcast Scheduled for April 26, 2024 • GlobeNewswire Inc. • 04/24/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Confirms April 2024 Common Share and Series C Preferred Share Dividends • GlobeNewswire Inc. • 04/01/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Announces Guidance for April 2024 Dividend Rate Per Common Share • GlobeNewswire Inc. • 03/25/2024 08:15:00 PM
- ARMOUR Residential REIT, Inc. Names Sergey Losyev and Desmond Macauley as Co-Chief Investment Officers • GlobeNewswire Inc. • 03/18/2024 09:55:30 PM
- ARMOUR Residential REIT, Inc. Announces Retirement of Founder and Co-CEO Jeffrey J. Zimmer • GlobeNewswire Inc. • 03/15/2024 10:40:10 PM
- ARMOUR Residential REIT, Inc. Announces Chief Financial Officer Transition • GlobeNewswire Inc. • 03/13/2024 10:55:17 PM
- ARMOUR Residential REIT, Inc. Announces Updated Estimated Book Value • GlobeNewswire Inc. • 03/01/2024 09:21:11 PM
- ARMOUR Residential REIT, Inc. Files Form 12b-25 With the Securities and Exchange Commission • GlobeNewswire Inc. • 03/01/2024 09:20:37 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM