U.S. Markets close in 5 hrs 36 mins

Earnings Review and Free Research Report: ARMOUR Residential REIT’s Q3 Core EPS Topped Market Forecasts

Research Desk Line-up: Five Oaks Investment Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on ARMOUR Residential REIT, Inc. (NYSE: ARR) ("ARMOUR"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ARR, following the Company's reporting of its financial results on October 25, 2017, for the third quarter fiscal 2017 (Q3 FY17). The Vero Beach, Florida-based Company's core income per common share grew on a year-over-year basis, topping market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the REIT - Residential industry. Pro-TD has currently selected Five Oaks Investment Corp. (NYSE: OAKS) for due-diligence and potential coverage as the Company announced on November 06, 2017, its financial results for Q3 2017 which ended on September 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Five Oaks Investment when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ARR; also brushing on OAKS. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ARR

http://protraderdaily.com/optin/?symbol=OAKS

Earnings Reviewed

In Q3 FY17, ARMOUR's interest income came in at $66.78 million compared to $58.36 million in the quarter ended September 30, 2016. The Company's interest expenses increased during the reported quarter to $27.14 million from $17.04 million in the previous year's comparable quarter. Furthermore, net interest income for Q3 FY17 stood at $39.64 million, which was lower than $41.33 million reported in the year-ago corresponding quarter.

For the quarter ended September 30, 2017, the Company reported net income available to common stockholders of $23.78 million, or $0.58 per common diluted share, compared to $114.78 million, or $3.12 per common diluted share, in Q3 FY16. ARMOUR's core income available to common stockholders for Q3 FY17 stood at $28.7 million, or $0.69 per common share. Moreover, the Company's core income topped market consensus estimates of $0.66 per common share.

Operating Metrics

During Q3 FY17, Agency securities, net of amortization of premium and fees, was $52.29 million compared to $44.54 million in the last year's comparable quarter. Credit risk and non-agency securities, including discount accretion, for the reported was $13.97 million, up from $12.97 million in Q3 FY16.

The real estate investment trust's Q3 FY17 annualized stockholders' equity return was 10.1%, while economic return on equity was 3.2% as dividend per common share. The company's book value increased by 1.1% during Q3 FY17. As of October 23, 2017, the Company's book value was $26.48, which was 1.7% lower than the value recorded as on September 30. 2017. Furthermore, funded leverage ratio was 5.5 to 1, while unfunded TBA positions results in leverage of 7.0 to 1.

ARMOUR's mortgage securities were $8.1 billion as on September 30,2017, which included $1.0 billion of credit risk and non-agency securities. The notional amount TBA (to-be-announced) Agency Securities has a notional amount of $1.9 billion. Furthermore, interest rate swaps notional amount stood at $5.1 billion as on September 30,2017.

Dividend and Share Buyback

In a separate press release on October 25, 2017, ARMOUR's Board of Directors declared a cash dividend of $0.19 per share of common stock for the month of November 2017. The dividend is payable on November 27, 2017, to common stockholders of record as of November 15, 2017.

Stock Performance

On Tuesday, November 21, 2017, the stock closed the trading session at $25.20, climbing 1.53% from its previous closing price of $24.82. A total volume of 463.00 thousand shares have exchanged hands. ARMOUR Residential REIT's stock price surged 12.65% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 16.18%. The stock is trading at a PE ratio of 4.98 and has a dividend yield of 9.05%. At Tuesday's closing price, the stock's net capitalization stands at $1.05 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily