|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||10.85 - 10.93|
|52-week range||10.85 - 10.93|
|Beta (5Y monthly)||1.01|
|PE ratio (TTM)||5.62|
|Earnings date||19 Oct 2021 - 25 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
A look at the shareholders of ARMOUR Residential REIT, Inc. ( NYSE:ARR ) can tell us which group is most powerful...
Thank you, Sara, and thank you all for joining our call to discuss ARMOUR's second quarter 2021 results. This morning, I'm joined by ARMOUR's co-CEOs, Scott Ulm and Jeff Zimmer; Mark Gruber, our CIO, is also with us this morning.
Record- high refinancing rates and demand for new loans due to a low-mortgage-rate environment have helped boost revenues for mREITs across the board over the past year. With forbearance protections expiring at the end of June 2021, that means mortgage REITs, particularly residential mREITs like ARMOUR Residential REIT Inc. (NYSE: ARR), could be in trouble. Unlike other mREITs, ARMOUR Residential doesn't originate mortgage loans.