| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
120 |
| Employees |
20 |
| Revenues (TTM) (Millions $) |
181 |
| Net Income (TTM) (Millions $) |
241 |
| Cash Flow (TTM) (Millions $) |
-49 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Armour Residential REIT Inc is a publicly traded real estate investment trust (REIT) that operates in the residential mortgage-backed securities (MBS) market. Founded in 2008, Armour Residential REIT is headquartered in Vero Beach, Florida and has a market capitalization of approximately $777 million.
The company's primary focus is on investing in residential MBS, which are pools of residential mortgages that are packaged into securities and sold to investors. These securities have different levels of risk and return depending on the underlying mortgages and their borrowers. Armour Residential REIT primarily invests in agency MBS, which are issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac, and Ginnie Mae. These investments are considered to be relatively low-risk due to the government backing.
Armour Residential REIT is managed by Armour Capital Management LP, which is a subsidiary of the company. The CEO of Armour Residential is Jeffrey Zimmer, who has over 35 years of experience in the mortgage market.
The company's investment strategy is to generate income through the collection of interest on its MBS portfolio. The portfolio is actively managed to minimize interest rate risk and to take advantage of changing market conditions. Armour Residential REIT uses leverage, or borrowed money, to increase its investment returns, which can also increase its risk.
Armour Residential REIT's shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol "ARR". The company pays a quarterly dividend to its shareholders, with a current yield of approximately 10%. As of December 31, 2020, Armour Residential REIT held $10.7 billion in agency MBS, with an average yield on its portfolio of09%.
In summary, Armour Residential REIT Inc is a specialized REIT that operates in the residential MBS market, with a focus on agency MBS. The company's goal is to generate income for its shareholders through interest income on its portfolio, while actively managing risk through leverage and portfolio management. The company is led by experienced management and is publicly traded on the NYSE.
Company Address: 3001 Ocean Drive, Suite 201 Vero Beach 32963 FL
Company Phone Number: 617-4340 Stock Exchange / Ticker: NYSE ARRPRC
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