5 Real Estate Stocks that Pay Monthly Dividends

2. ARMOUR Residential REIT, Inc. (NYSE: ARR)

Number of Hedge Fund Holders: 9
Dividend Yield: 11.5%

ARMOUR Residential REIT, Inc. (NYSE: ARR) is a REIT with a securities portfolio consisting of US Government-sponsored entity’s and Government National Mortgage Administration-issued securities with fixed rate, hybrid adjustable rate, and adjustable rate home loans. The company primarily invests in residential mortgage-backed securities and ranks 2nd on our list of real estate stocks that pay monthly dividends.

B. Riley has a Neutral rating on shares of ARMOUR Residential REIT, Inc. (NYSE: ARR) as of this July, alongside an $11.50 price target. Analyst Matt Howlett also commented that ARMOUR Residential REIT, Inc. (NYSE: ARR) was among the few “pure-play agency-only” mortgage REITs out there that are offering investors a low credit risk high-yielding cash flow stream.

In the second quarter of 2021, ARMOUR Residential REIT, Inc. (NYSE: ARR) had an FFO of $0.21, missing estimates by $0.07. The company’s revenue was $16.7 million, higher than the previous quarter’s revenue of $16.06 million. ARMOUR Residential REIT, Inc. (NYSE: ARR) has also gained 6.06% in the past year.

By the end of the first quarter of 2021, 9 hedge funds out of the 866 tracked by Insider Monkey held stakes in ARMOUR Residential REIT, Inc. (NYSE: ARR) worth roughly $22.2 million. This is compared to 13 hedge funds in the previous quarter with a total stake value of approximately $23.5 million.