ARMOUR Residential REIT(ARR)

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ARMOUR Residential REIT(ARR) - 2024 Q1 - Quarterly Results
2024-04-25 20:20
ARMOUR RESIDENTIAL REIT, INC. ANNOUNCES Q1 RESULTS AND March 31, 2024 FINANCIAL POSITION VERO BEACH, Florida -- April 25, 2024 -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) ("ARMOUR" or the "Company") today announced the Company's unaudited Q1 results and March 31, 2024 financial position. ARMOUR's Q1 2024 Results ◦ GAAP net income available to common stockholders of $11.5 million or $0.24 per common share. ◦ Net interest income of $5.3 million. ◦ Expenses included $9.0 million of non-recurring p ...
ARMOUR Residential REIT(ARR) - 2024 Q1 - Quarterly Report
2024-04-25 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading symbols Name of Exchange on which registered Preferred Stock, 7.00% Series C Cumulative Redeemable ARR-PRC New York Stock Exchange Common Stock, $0.001 par value ARR New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXC ...
ARMOUR Residential REIT, Inc. Announces May 2024 Dividend Rate Per Common Share
Newsfilter· 2024-04-24 20:20
VERO BEACH, Florida, April 24, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE:ARR) ("ARMOUR" or the "Company") today announced the May 2024 cash dividend for the Company's Common Stock. May 2024 Common Stock Dividend Information Month Dividend Holder of Record Date Payment DateMay 2024 $0.24 May 15, 2024 May 28, 2024 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust ("REIT") for U.S. Federal income tax purposes. In order to maintain this tax status, AR ...
10% Yields Or Higher
Seeking Alpha· 2024-04-18 23:56
Justin Paget We're going to focus on a few shares for income investors. NLY-F The first share is Annaly Capital Management, Inc. 6.95% PFD SER F, or NLY-F (NLY.PR.F). NLY-F offers investors an attractive yield at 10.66%. Shares appear to be trading above the call value of $25. However, they already have a significant amount of dividend accrual for the quarter. Consequently, the stripped price would actually be lower than $24.80. Some investors may also look at NLY-G (NLY.PR.G). However, NLY-G is less at ...
Bearish Blades: 3 Falling Knives to Dodge in 2024
InvestorPlace· 2024-04-08 18:45
The old saying “what goes down must come back up again” has numerous counterpoints if applied to the stock market. Many believe that mean-reversion is inevitable. However, that is simply not the case, as asymmetrical downside is a frequent occurrence in the financial markets.Considering the above, we as investors must be diligent in our research process to avoid falling knife stocks. Alternatively, we could look for falling knife stocks to short.Presented here are three falling knife stocks to avoid or shor ...
Armour Residential REIT: New Leadership Doesn't Hint Improvement
Seeking Alpha· 2024-03-22 07:13
ferrantraite ARMOUR Residential REIT (NYSE:ARR) share prices had a tough year in 2023 and over the past decade. ARR Price History (Seeking Alpha) In spite of this, the shares currently boast a near-15% dividend yield. With FY 2023 results out through their latest 10-K and announcements last week of leadership changes, it seemed a good time for a more up-to-date look at the shares. Financial History Being a REIT, ARMOUR's main draw for investors is the dividend income its shares provide. This is provided by ...
ARMOUR Residential REIT, Inc. Names Sergey Losyev and Desmond Macauley as Co-Chief Investment Officers
Newsfilter· 2024-03-18 21:55
VERO BEACH, Florida, March 18, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE:ARR) ("ARMOUR" or the "Company") today announced the promotions of Sergey Losyev and Desmond Macauley to Co-Chief Investment Officers (CIO), effective March 18, 2024. Mr. Macauley will also serve as ARMOUR's Head of Risk Management. Mr. Losyev and Mr. Macauley succeed Mark Gruber, who stepped down. Mr. Losyev joined ARMOUR in 2016 and has served as Deputy Chief Investment Officer since January 2020. Prior to ARMOUR, ...
ARMOUR Residential REIT, Inc. Announces Retirement of Founder and Co-CEO Jeffrey J. Zimmer
Newsfilter· 2024-03-15 22:40
Executive Changes - Jeffrey J Zimmer retires as Co-CEO, President, Vice Chair and director of ARMOUR Residential REIT but will continue as a special advisor to the Board and Co-Managing Member of ARMOUR Capital Management LP [1] - Zimmer will advise on finance, lending, trading activities, capital markets strategies, funding, repurchase lending and the company's MBS portfolio [1] - Daniel C Staton, Chairman of ARMOUR, praised Zimmer's leadership in founding and growing the company over 15 years [2] - Scott Ulm, CEO of ARMOUR, expressed appreciation for Zimmer's contributions and looks forward to continuing to work with him [2] - Zimmer stated that building ARMOUR alongside Ulm has been the highlight of his career and expressed confidence in Ulm's leadership [3] Company Overview - ARMOUR Residential REIT primarily invests in fixed rate, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by US Government-sponsored enterprises or GNMA [4] - The company is externally managed and advised by ARMOUR Capital Management LP, an SEC-registered investment advisor [4]
ARMOUR Residential REIT(ARR) - 2023 Q4 - Annual Report
2024-03-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34766 ARMOUR RESIDENTIAL REIT, INC. (Exact name of registrant as specified in its charter) Maryland 26-1908763 (State or other jurisdiction of i ...
ARMOUR Residential REIT, Inc. Announces Chief Financial Officer Transition
Newsfilter· 2024-03-13 22:55
VERO BEACH, Florida, March 13, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE:ARR) ("ARMOUR" or the "Company") today announced the appointment of Vice President of Finance and Controller Gordon Harper as Chief Financial Officer and Secretary, effective March 11, 2024. He will remain Controller of the Company. Mr. Harper succeeds James Mountain, who was removed as Chief Financial Officer and Secretary. Mr. Harper has served as the Vice President of Finance and Controller for the Company as well ...