ARMOUR Residential REIT, Inc. (ARR)
ARMOUR Residential REIT, Inc. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in Vero Beach, FL, US. The stock last traded at $15.83, down 2.13% on the session, giving a market capitalisation of $1.84B. On trailing twelve-month figures it carries a trailing P/E of 4.24, a net margin of 42.7%. Its beta of 1.34 implies it has historically moved more than the broad market.
ARMOUR Residential REIT, Inc. (ARR), founded in 2008 and based in Vero Beach, Florida, primarily allocates its capital to residential mortgage-backed securities (MBS) within the United States. Its investment holdings predominantly comprise MBS that are either issued or guaranteed by U.S. Government-sponsored entities (GSEs) and the Government National Mortgage Association (GNMA. These securities are underpinned by various home loans, including fixed-rate, hybrid adjustable-rate, and adjustable-rate mortgages. The company's portfolio also encompasses unsecured debt instruments and bonds from GSEs, U.S. Treasury securities, and money market funds. Furthermore, ARR invests in other residential mortgage-backed securities where the principal and interest payments lack a guarantee from a GSE or other government agency. As a Real Estate Investment Trust (REIT) under the Internal Revenue Code, the company benefits from an exemption from corporate income tax on the portion of its net earnings that is distributed to its shareholders.
ARMOUR Residential REIT, Inc. is most often compared with the following Real Estate names: