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.
Terran Orbital Corporation (NYSE: LLAP) announced that its Co-Founder and CEO, Marc Bell, has been recognized in the South Florida Business Journal’s 2023 Power Leaders 250 List. Bell is a five-time unicorn founder and previously took a SPAC public, acquiring Armour Residential REIT (NYSE: ARR). Under his leadership, Terran Orbital secured a significant $2.4 billion contract to produce 288 low-earth orbit satellites for Rivada Space Networks, marking the largest small satellite production contract to date. Additionally, a $100 million investment from Lockheed Martin and a new Strategic Cooperation Agreement were established, enhancing partnership opportunities.
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR–PRC) announced it will hold a conference call on April 22, 2021, to discuss its first quarter 2021 operating results. The earnings release will be issued after market close on April 21, 2021. Investors can access the live webcast at this link beginning at 8:30 a.m. ET. A replay will be available on the Company’s website for one year. ARMOUR specializes in mortgage-backed securities guaranteed by U.S. government-sponsored enterprises.
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR–PRC) will host a webcast for equity analysts on February 18, 2021, to discuss its fourth quarter 2020 operating results. The earnings release will be available after market close on February 17, 2021. Investors can access the live broadcast at this link, starting at 8:30 a.m. ET. A replay will be available for one year on the company’s website. ARMOUR focuses on investing in fixed-rate and adjustable-rate residential mortgage-backed securities.
ARMOUR Residential REIT, Inc. (NYSE: ARR) has announced its cash dividend for October 2020, maintaining the monthly rate at $0.10 per common share. The holder of record date is set for October 15, 2020, with the payment date on October 29, 2020. As a real estate investment trust (REIT), ARMOUR must distribute substantially all of its taxable income to maintain its tax status. This dividend announcement reflects the company's ongoing commitment to delivering income to its shareholders amidst market conditions.
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