Armour Residential REITARR
Market Cap: $996M
About: ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.
Employees: 22
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
91% more call options, than puts
Call options by funds: $14.2M | Put options by funds: $7.42M
47% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 38
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
5% more funds holding
Funds holding: 149 [Q1] → 156 (+7) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
5% less capital invested
Capital invested by funds: $499M [Q1] → $476M (-$22.8M) [Q2]
18.4% less ownership
Funds ownership: 68.83% [Q1] → 50.43% (-18.4%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
B. Riley Securities Matt Howlett 50% 1-year accuracy 10 / 20 met price target | 3%upside $21 | Neutral Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 4 articles about ARR published over the past 30 days