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.
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.
ARR, USAS and ARW have been added to the Zacks Rank #5 (Strong Sell) List on June 18, 2024.
Strong jobs report dampens hopes for near-term rate cuts. Net lease real estate investment strategy may not yield the same results as in the past. ARMOUR Residential REIT Series C Preferred offers potential for capital appreciation with lower rates.
BWB, CCJ and ARR have been added to the Zacks Rank #5 (Strong Sell) List on June 14, 2024.
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