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There are no Transcripts on ARR.
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at CNBC.com (May 15, 2013)
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GlobeNewswire (May 2, 2013)
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at CNBC.com (Apr 24, 2013)
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at CNBC.com (Apr 8, 2013)
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at CNBC.com (Mar 22, 2013)
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GlobeNewswire (Mar 6, 2013)
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GlobeNewswire (Feb 22, 2013)
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GlobeNewswire (Feb 14, 2013)
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GlobeNewswire (Feb 13, 2013)
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GlobeNewswire (Feb 13, 2013)
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GlobeNewswire (Feb 7, 2013)
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GlobeNewswire (Dec 17, 2012)
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GlobeNewswire (Dec 17, 2012)
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GlobeNewswire (Dec 17, 2012)
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GlobeNewswire (Nov 1, 2012)
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GlobeNewswire (Oct 8, 2012)
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GlobeNewswire (Sep 14, 2012)
ARR vs. ETF Alternatives
Company Description
Currently, there's no company description for ARR.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, October 3, 2012, 9:05 AM Javelin Mortgage (JMI) bumps the size of its IPO to 7.25M shares (from 6.25M) through a private placement to 2 directors. The newly formed mREIT - externally managed by ARMOUR Residential (ARR) - raised $145M. (previous) Comment! [Financials]
- Tuesday, September 25, 2012, 12:57 PM The hot mortgage REIT sector gets a bit frothier as Javelin Mortgage (JMI) files to raise $125M in an IPO. The recently formed business, managed by ARMOUR Residential (ARR), will - what else - borrow short, lever up, and buy MBS. (S-11) 16 Comments [Financials]
- Friday, September 21, 2012, 10:04 AM The mortgage REIT sector is lit up green following Western Asset Mortgage's (WMC +7.3%) big dividend increase last night and the upping of its book value by 12% since June 30. That jump in book value could have investors wondering what other mREITs might be harboring such good news. 26 Comments [Financials]
- Friday, September 14, 2012, 8:19 AM ARMOUR Residential REIT (ARR) declares $0.09/share monthly dividend for the month of Oct, Nov. and Dec, 10% decrease from prior dividend of $0.10. Forward yield 14.3%. Shares -0.4% premarket. (PR) 9 Comments [Dividends]
- Friday, September 14, 2012, 7:58 AM The good times should stay rolling for the mortgage REIT industry, says Barron's, as QE3 will continue to make the business of borrowing short to lend long a good one. Two perhaps less-followed mREITs mentioned are AG Mortgage (MITT) and MFA Financial (MFA). ETFs: MORT, REM. AGNC +0.5%, NLY +0.4% premarket. 22 Comments [Financials, Quick Ideas]
- Thursday, September 13, 2012, 1:04 PM The mortgage REIT sector as a whole gains following the QE3 announcement of $40B/month in MBS purchases (though some remain red for the session). Agency REITs are in a tricky spot as the resulting higher MBS prices will help book values, but lower rates should heighten prepayment risk. A couple of selections: AGNC +0.6% after being flat, NLY -0.6% after being off 1.3%. 20 Comments [Financials]
- Tuesday, September 11, 2012, 12:29 PM The success of the mortgage REIT industry (both in garnering AUM and providing shareholder returns) is swell, writes Sober Look, but will end as another chapter in the story of leverage. Borrowing short and lending long, the companies are exposed to rising rates and the chance of financing being cut off - threatening not just shareholders, but U.S. mortgage markets. 50 Comments [Financials]
- Wednesday, August 22, 2012, 11:01 AM Last week's big decline in mortgage applications was all about refinancing as the hiccup in interest rates slowed business. The overall decline of 7.9% was led by a 9% drop in the refi index, which fell to its lowest level since early July. Strangely, the mortgage REITs are lit up bright red today. Aren't prepayments a key leg of the bear case against them? 18 Comments [U.S. Economy]
- Monday, August 6, 2012, 4:20 PM ARMOUR Residential (ARR) announces the replacement of Jeffrey Zimmer as CFO with James Mountain, who comes over from Deloitte & Touche. Zimmer will continue on as Co-CEO and Co-Vice Chairman. (PR) 5 Comments [Financials, Breaking News]
- Friday, August 3, 2012, 9:37 AM ARMOUR Residential (ARR -3%) tumbles after last night's earnings report was accompanied by a secondary offering of 55M shares that had to be coming given the shares' premium to book value (8.6% before the offering). It's the 2nd offering in a month and 4th in the last 8 months. 20 Comments [Financials, On the Move]
- Tuesday, July 31, 2012, 12:27 PM ARMOUR Residential (ARR -2.1%) gets hit with a huge sell order (check out the volume here). Fresh off a July 9 secondary (it's 3rd in 8 months!), the stock has flown right past that decline to new 52-week highs. Look for another "huge" secondary, says Dividend Master, estimating the stock trades at a 14% premium to book value. Shares +9% YTD with a 15.6% annualized dividend. 17 Comments [Financials, On the Move]
- Monday, July 30, 2012, 10:54 AM Newcastle Investment (NCT +2.9%) regains all and more of its big decline following last Wednesday's secondary offering. The company is the latest in a series (I, II, III, to name a few) of mortgage REITs issuing shares at prices well above book value. The firms take these proceeds and invest them in higher-yielding assets - the result being increased book value. 1 Comment [Financials, On the Move]
- Thursday, July 19, 2012, 12:03 PM "Our biggest competitor for assets is the Fed," says CYS Investments (CYS) CEO Kevin Grant on the earnings conference call, describing what may be becoming a frothy mREIT sector as yield-starved investors elbow out not only each other, but the central bank. 22 Comments [Earnings, Financials]
- Monday, July 9, 2012, 4:58 PM ARMOUR Residential (ARR) takes advantage of a recent move higher in its stock price, launching a secondary offering of 40M shares, with an option for underwriters to purchase another 6M. The company should raise about $300M with which to buy more MBS. Shares -2.3% AH. (PR) 6 Comments [Financials]
- Friday, July 6, 2012, 2:48 PM Looking for a sector in the green today? Nearly all of the largest mREITs (over $1B market cap) are up. The yield curve isn't super-steep and government mortgage refinance efforts may pose prepayment risk to holders of MBS, but the date of a potential Fed rate hike keeps getting pushed off - the carry trade lives. 21 Comments [Financials]
- Wednesday, June 20, 2012, 12:59 PM The mortgage REIT sector ticks down on news the Fed is reloading to flatten the yield curve even more. The mREITs make their living off of a steep curve, levering up to borrow short and lend long. Two popular ones: AGNC -1.1%, NLY flat (but both lower than before the announcement). 15 Comments [Financials]
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Dividend Sheet
$DCIX $ARR and $PSEC are next month's best ex-dividend stocks - http://stks.co/p3oQ - I love $RAI $ERF and $DOW - View all 0 replies
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joe kelly: They just do another share offering. I just trade in and out of this thing. Under 6.50 has always been a buy. Sell @ 7. -
jkb02003: So you are saying they will use the funds raised from the SSO to pay out a higher dividend then there EPS would indicate? Ponzi-ish?
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Investorblogger: Yes, but that's what people said when they cut the dividend from 12c to 11c. Now it's 7c.
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Albert Alfonso
I do hope that the buyers of $ARR realize that these new funds via the secondary will only generate income for half of Q1 2013. - View all 2 replies
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jmodrkrk: so are you seeing this as an opportunity to open a position? im leery of continued book value declines -- what are the root causes of this?
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jmodrkrk: im not sure how mgmt is paid -- but just trying to plump up the AUM?
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Albert Alfonso
Shame on $ARR for doing a secondary while shares are trading under book value. What a way to destroy shareholder wealth. - View all 8 replies
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jrbuettner: I agree with Alfonso, this is over dilution. They better make good use with this new capital and increase their BV asap -
jrbuettner: seems to me they are hitting below the belt with this quick offering, I haven't heard much warning.
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Dividend Sheet
$ARR $PBI and $GEO are tomorrow's best yielding ex-dividend stocks - http://stks.co/aKgZ - I like $LLY $DD $CVX and $WAG - View all 0 replies
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DIPENTIMA9
I've had $ARR DRIP 500 shares I bought @ $7. My div return has reduced my basis to $6,10 over 10 mths. A great compound. ($440 in divs ). - View all 2 replies
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Overanalytical: Ok well the prospectus said the grant partial share dividends with no fees (except when you sell) and the even send you a free certificate -
Overanalytical: Wanted to make sure it wasn't too good to be true and I was falling into a trap, alright I'll definately give it more thought then, thanks.
LATEST REPLIES
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Pessimistic Optimist: ya gotta drip them... I own slightly less at 1500 shares.. hey, Ill take that 150 and drip it.. might take the divvys from the 4..drip ARR!
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SaltyDog62
ARR least decline in mreit space. Any thoughts as to why? Not complaining tho, just curious. - View all 9 replies
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Pessimistic Optimist: A stab.. might be with secondary on heels.. it will drop a little more tomorrow. I hope it gets between .15 and .18
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Pessimistic Optimist: my bad.. I mean ex date.. I caught the number 1.38%.. after that, anybody's guess how low the handle goes
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kvlsam: Pessimistic Optimist: Going down .10 cents makes a huge difference and Relative strength is still above 60..oversold...
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Pessimistic Optimist: I agree.. and yes .10 is considerable of a 7 dollar stock.. Now, A little upside would be decent.
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madav1138: They have done 2 secondary offerings in 3 months, they issued preferred shares also in the last 3 months, and are starting a spin off
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Birdman4213
To sell off some shares or to not sell of some shares...that is the question! Looking forward to AGNC earnings on July 23! Long AGNC and ARR - View all 3 replies
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Pessimistic Optimist: I was anticipating the ex divvy date.. and that is coming too!
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Patrick Harden
Armour Residential (ARR) to launch hybrid mREIT - Javelin Mortgage (JMI). Strategy is similar to MTGE. http://1.usa.gov/LzQivK - View all 3 replies
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Patrick Harden: Might just be a placeholder amount until they are able to gauge interest in the vehicle.
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Lucas Krupinski: and values go down. It's a balancing act. But SPOing now just lets them buy more at what will likely be the highest prices
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Lucas Krupinski: Even so, price recovers post SPO generally, so i won't fret, just hold through a few distribution cycles.
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SaltyDog62: I will stay in at least this Q3, wait to see what happens but looks good so far
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madav1138: I think anything below 6.90 is a good deal, it trades up from 6.75 to 7.05
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DAG1996: seems that, until euro either implodes or stabilizes, our markets only have minor upside with mostly downside so i might wait it out.
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madav1138: Those are montly dividend plays by the way...8%...per month...hello money.
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