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ARMOUR Residential REIT, Inc. operates as a real estate investment trust, which engages in the business of investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. It also invests in residential mortgage backed securities issued or guaranteed by a United States government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration. Read More The company was founded on February 5, 2008 and is headquartered in Vero Beach, FL.
Vero Beach, Florida
52 Week High
52 Week Low
Seeking AlphaMay 24
I Bought The 12% Dividend Yield From Armour Residential REIT, But Not For Income
The higher leverage should be negative for BV so far, but could be quite positive for earnings. The current spread of 15% makes it likely that ARR will bounce back. Its latest portfolio update shows increased leverage. In the past, we’ve found it unusual for this spread to exceed 11%. In some instances, it has been much lower. One of the best comparisons for ARMOUR Residential REIT is AGNC Investment Corp., which is trading at a 3% premium to our estimate of tangible book value. ARMOUR Residential REIT ...
Yahoo FinanceMay 23
Armour Residential Reit Inc Co-CEO and CIO Scott Ulm Bought $1.4 million of Shares
- By insider Co-CEO and CIO of Armour Residential Reit Inc (ARR) Scott Ulm bought 80,000 shares of ARR on 05/22/2019 at an average price of $17.93 a share. The total cost of this purchase was $1.4 million. ARMOUR Residential REIT Inc invests in and manages a leveraged portfolio of residential mortgage backed securities. It invests in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored entity. ARMOUR Residential REIT Inc has a market cap of $1.07 billion;...
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