ARR Stock Recent News

ARR, SOI and KBH made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 6, 2024.

Minor underperformance in quarterly BV fluctuation (1.6% below our prediction, down 8% from prior quarter). Modest to notable outperformance in core earnings/EAD ($0.096 variance). ARR sacrificed BV for enhanced core earnings/EAD in Q2 2024, with risk/performance rating remaining at 4.5.

Armour Residential REIT (ARR) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.15 per share a year ago.

VERO BEACH, Florida, July 23, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the August 2024 cash dividend for the Company's Common Stock.

VERO BEACH, Florida, July 23, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) announced today that it will provide an online, real‑time webcast of its conference call with equity analysts covering second quarter 2024 operating results on Thursday, July 25, 2024. The Company will issue its second quarter 2024 earnings release after the close of trading on Wednesday, July 24, 2024.

ST. JOHN'S, Newfoundland--(BUSINESS WIRE)---- $ARR.TO #earningscall--Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR”, the “Company”, or the “Corporation”), expects to report Q2 2024 proportionate royalty revenue of $1.5 million including $0.5 million of investment income associated with various interconnection and loan agreements. This compares to $1.0 million of proportionate royalty revenue reported in Q2 2023. Great Bay Renewables (50% owned with certain funds managed by affiliates of Apollo Global.

Prior to June 30, 2024, my REaders mentioned 40 equities in their comments on my articles. Some bad news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: VZ, EPD, ECC, OXLC, NEP, TTE, RC, KVUE, ORC, and TPVG averaged 21.11% net gains from reader data collected 7/12/24. Ten analyst-target-augured June TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: NEP, RC, O, ORC PFE, VZ, EPD, TPVG, TTE, and KVUE, boasting a 12.02% average target price upside estimate.

Armour Residential's dividend has declined by 61 cents per share since 2019, a 72% decrease over five years. The mREIT's book value has been decreasing, with the potential for more dilution as they continue to sell common stock. The preferred shares have offered a better total return over the last one, three, and five years compared to the common shares, making them a safer investment option.

Armour Residential is a real estate investment trust that primarily invests in mortgage-backed securities in the residential mortgage market. The company earns income from interest payments on the underlying mortgage loans in its portfolio. Shareholders have experienced a significant loss in investment value over the past three years compared to the S&P 500.

U.S. equity markets were little changed this week, while long-term benchmark interest rates surged as investors assessed the political and economic fallout from a disastrous debate performance by President Biden. Beneath the political drama, investors parsed corporate commentary and economic data that pointed towards a further slowdown in U.S. consumer spending, while inflation data showed a continued moderation in price pressures. Declining for just the second week in the past ten, the S&P 500 posted fractional declines on the week, but nevertheless held on to impressive first-half total returns of over 15%.