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ARMOUR Residential REIT, Inc. - ARR STOCK NEWS

Welcome to our dedicated page for ARMOUR Residential REIT news (Ticker: ARR), a resource for investors and traders seeking the latest updates and insights on ARMOUR Residential REIT stock.

ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland-based real estate investment trust (REIT) founded in 2008. The company, managed by ARMOUR Capital Management LP, primarily invests in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. government-sponsored enterprises such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Government National Mortgage Administration (Ginnie Mae). These collectively form the company's core portfolio, known as Agency Securities.

Most of ARMOUR's investments are in long-term, fixed-rate Agency RMBS. The company also holds adjustable-rate mortgage securities, hybrid adjustable-rate loans, and multifamily mortgage-backed securities. Additionally, from time to time, ARMOUR may diversify into Interest-Only Securities, U.S. Treasury Securities, and money market instruments to optimize returns and manage risk effectively.

In terms of financial performance, ARMOUR derives most of its revenue from interest income generated by its extensive portfolio of mortgage securities. This revenue model ensures that the company maintains a steady and predictable income stream, despite fluctuations in the broader financial markets. ARMOUR's strategic alignment with government-sponsored entities ensures a high level of security and reliability for its investors.

Recently, ARMOUR has been focused on optimizing its portfolio to capture more significant growth potential. This involves rebalancing its assets to ensure they align with current market conditions and regulatory requirements. Furthermore, the company has been recognized for its robust risk management practices, spearheaded by its leadership team, including CEO Scott Ulm and CFO Gordon Harper.

For those interested in ARMOUR's latest updates and performance metrics, the company regularly publishes detailed reports and financial statements. ARMOUR's commitment to transparency and communication ensures that investors are well-informed about the company's ongoing projects, partnerships, and any strategic shifts. The ARMOUR Board has also seen recent changes, including the transition of Jeffrey J. Zimmer to a special advisor role, highlighting the company's dynamic and forward-looking leadership approach.

Overall, ARMOUR Residential REIT, Inc. stands out as a stable and consistent performer in the REIT sector, offering investors reliable returns through its focus on government-backed residential mortgage securities.

Rhea-AI Summary
ARMOUR Residential REIT, Inc. (NYSE: ARR) announces a cash dividend of $0.24 per Common share for April 2024. The Company, operating as a real estate investment trust (REIT), aims to maintain its tax status by distributing most of its ordinary REIT taxable income to common stockholders.
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ARMOUR Residential REIT, Inc. announces the promotions of Sergey Losyev and Desmond Macauley to Co-Chief Investment Officers, effective March 18, 2024. Mr. Macauley will also serve as Head of Risk Management. The Company also announces promotions within ARMOUR Capital Management LP.
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ARMOUR Residential REIT, Inc. announces the retirement of Jeffrey J. Zimmer as Co-CEO, President, Vice Chair, and director. Zimmer will serve as a special advisor to the Board while continuing as Co-Managing Member of ARMOUR Capital Management LP. The company expresses gratitude for Zimmer's leadership and highlights his pivotal role in its growth.
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ARMOUR Residential REIT, Inc. appoints Gordon Harper as Chief Financial Officer and Secretary, replacing James Mountain. Harper brings extensive finance experience from Deloitte and has been with ARMOUR since 2015. The Company aims to file its Form 10-K by March 15, 2024.
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ARMOUR Residential REIT, Inc. (ARR) reported an estimated book value per common share between $20.96 and $21.06 as of February 29, 2024.
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ARMOUR Residential REIT, Inc. (NYSE: ARR) files Form 12b-25 for late filing of Form 10-K for 2023 fiscal year, expects no material changes to financial results. Company also announces book value range per share as of February 29, 2024.
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ARMOUR Residential REIT, Inc. announced its Q4 2023 results, with income of $96.6 million and distributable earnings of $52.4 million. The company adjusted its dividend rate for Q1 2024. The financial position as of December 31, 2023, showed a book value per common share of $22.54, liquidity of $657.0 million, and a debt to equity ratio of 7.6 to 1.
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ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) declares a $0.24 cash dividend for March 2024 for its Common Stock, maintaining its status as a real estate investment trust (REIT) for tax purposes.
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ARMOUR Residential REIT, Inc. announces the February 2024 cash dividend for the Company's Common Stock and the tax allocation for dividends paid to stockholders in 2023. The February 2024 cash dividend for Common Stock is $0.24, with a holder of record date of February 15, 2024, and a payment date of February 28, 2024. The 2023 Dividend Tax Allocations for ARMOUR's Series C Preferred Stock (ARR-PRC) are 100.00% fully taxable ordinary income, while the common stock (ARR) dividends for 2023 are 52.54% taxable ordinary income and 47.46% non-taxable return of capital. ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes, and dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. The tax reporting forms are available on the Company website at https://www.armourreit.com/stock-information/dividends/.
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ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) has confirmed the January 2024 cash dividend for the Common Stock and the Q1 2024 monthly cash dividend rate for the Series C Preferred Stock. The Common Stock dividend for January 2024 is $0.24 with a holder of record date of January 16, 2024, and a payment date of January 30, 2024. The Series C Preferred Stock dividend for January 2024 is $0.14583 with a holder of record date of January 15, 2024, and a payment date of January 29, 2024. ARMOUR has elected to be taxed as a real estate investment trust (REIT) for U.S. Federal income tax purposes, and dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.
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FAQ

What is the current stock price of ARMOUR Residential REIT (ARR)?

The current stock price of ARMOUR Residential REIT (ARR) is $18.43 as of November 20, 2024.

What is the market cap of ARMOUR Residential REIT (ARR)?

The market cap of ARMOUR Residential REIT (ARR) is approximately 1.0B.

What is ARMOUR Residential REIT, Inc.?

ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland-based real estate investment trust that invests primarily in residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises.

What are Agency Securities?

Agency Securities are residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored entities like Fannie Mae, Freddie Mac, and Ginnie Mae, which form the core of ARMOUR's investment portfolio.

How does ARMOUR Residential REIT generate revenue?

ARMOUR generates most of its revenue through interest income from its portfolio of mortgage-backed securities. This reliable revenue stream is bolstered by the company's strategic investments in fixed-rate and adjustable-rate loans.

Who manages ARMOUR Residential REIT?

ARMOUR Residential REIT, Inc. is managed by ARMOUR Capital Management LP, an investment advisor registered with the SEC.

What is the significance of ARMOUR's focus on government-backed securities?

ARMOUR's focus on government-backed securities ensures a high level of security and reliability for investors, given that these securities are issued or guaranteed by U.S. government-sponsored enterprises.

What recent changes have occurred in ARMOUR’s leadership?

Recently, Jeffrey J. Zimmer transitioned to a special advisor role, while Scott Ulm continues to lead the company as CEO, focusing on capturing significant growth potential for the business.

How does ARMOUR manage risk?

ARMOUR employs robust risk management practices under the leadership of experienced executives, ensuring that the company maintains a balanced and secure investment portfolio.

What types of securities does ARMOUR occasionally invest in besides RMBS?

Apart from RMBS, ARMOUR occasionally invests in Interest-Only Securities, U.S. Treasury Securities, and money market instruments to diversify its portfolio and optimize returns.

Where can investors find more information about ARMOUR?

Investors can find more information about ARMOUR Residential REIT, Inc. on the company's website, www.armourreit.com, or through the SEC's website at www.sec.gov.

What is the role of ARMOUR's Board of Directors?

ARMOUR's Board of Directors oversees the company's strategic direction and governance. Recent board comments highlight the recognition of significant contributions from key executives and ongoing advisory roles.

ARMOUR Residential REIT, Inc.

NYSE:ARR

ARR Rankings

ARR Stock Data

1.02B
55.45M
0.55%
48.45%
6.8%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
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