Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
03 December 2007Website:
http://www.armourreit.comNext earnings report:
14 February 2025Last dividends:
15 October 2024Next dividends:
15 November 2024Price
after hours | Fri, 01 Nov 2024 23:32:38 GMTAnalysts recommendations
Institutional Ownership
ARR Latest News
24/7 Wall St. Insights Inflation has perked back up, ensuring just a 25-basis-point cut in November.
ARMOUR Residential REIT has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, ARR shares displayed both attractive valuation metrics and strong profitability metrics.
Armour Residential REIT (ARR) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.08 per share a year ago.
VERO BEACH, Florida, Oct. 22, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the November 2024 cash dividend for the Company's Common Stock.
VERO BEACH, Florida, Oct. 22, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) announced today that it will provide an online, real‑time webcast of its conference call with equity analysts covering third quarter 2024 operating results on Thursday, October 24, 2024. The Company will issue its third quarter 2024 earnings release after the close of trading on Wednesday, October 23, 2024.
ARR's third-quarter 2024 results are likely to reflect the impacts of high funding costs. High prepayment speed is expected to have supported.
AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension.
Armour Residential REIT (ARR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The Fed's rate cuts and economic data suggest a favorable environment for high-yield REIT preferred stocks like Armour Residential REIT 7.0% Series C Preferred. ARR.PR.C offers a 7.5% yield and potential capital appreciation, making it attractive in a declining yield environment. Money market funds' massive balances may shift to riskier options like REIT preferreds if yields drop, boosting demand and prices.
ARR-C preferred shares offer a low-risk investment with a fixed-rate and monthly dividends, making them suitable for buy-and-hold investors. The current price is slightly high, but the strong common equity to preferred liquidation ratio provides additional security. With a stripped yield of 7.72%, ARR-C is a solid option if interest rates decline, though not a buy at current prices.
What type of business is ARMOUR Residential REIT?
ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ARMOUR Residential REIT, Inc. was incorporated in 2008 and is based in Vero Beach, Florida.
What sector is ARMOUR Residential REIT in?
ARMOUR Residential REIT is in the Real Estate sector
What industry is ARMOUR Residential REIT in?
ARMOUR Residential REIT is in the Mortgage industry
What country is ARMOUR Residential REIT from?
ARMOUR Residential REIT is headquartered in United States
When did ARMOUR Residential REIT go public?
ARMOUR Residential REIT initial public offering (IPO) was on 03 December 2007
What is ARMOUR Residential REIT website?
https://www.armourreit.com
Is ARMOUR Residential REIT in the S&P 500?
No, ARMOUR Residential REIT is not included in the S&P 500 index
Is ARMOUR Residential REIT in the NASDAQ 100?
No, ARMOUR Residential REIT is not included in the NASDAQ 100 index
Is ARMOUR Residential REIT in the Dow Jones?
No, ARMOUR Residential REIT is not included in the Dow Jones index
When was ARMOUR Residential REIT the previous earnings report?
No data
When does ARMOUR Residential REIT earnings report?
The next expected earnings date for ARMOUR Residential REIT is 14 February 2025