improved 38 basis points to 2.59%. Historically, Trevor go ahead, Mark, either way. Image source: The Motley Fool. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders. So Ill address that, and Ill then Ill see if Mark or Scott want to improve. contact@marketbeat.com This morning, Im joined by ARMOURs Co-CEOs, Scott Ulm and Jeff Zimmer; and Mark Gruber, our CIO. Visual and tight valuations and relative richness and deep discount coupons, ARMOUR sold the remainder of our Fannie 2 and 2.5 coupon positions early in the first quarter. So youll probably see it drift up a little bit from here, but not much from where we are today. Shareholders contact the brokers if they need another copy of their proxy materials. By now, everyone has access to ARMOUR's earnings release, which can be found on ARMOUR's website, www.armourreit.com. Please note, this event is being recorded. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. For the next earning release, we expect the company to report earnings of $0.26 per share, reflecting a year-over-year decrease of 10.34%. While Armour Residential REIT has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Its just too expensive right now. The weighted average haircut on our repo book remained exceptionally low at 3.6% of years average numbers. Get short term trading ideas from the MarketBeat Idea Engine. Our firm does not anticipate the Fed cutting rates in 2023. Investing in REITs. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. It is this reason that could see investor optimism for the ARR stock continues to rise going into the next quarter. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Please. But we have been managing off of OTC swaps over to exchange trade swaps and they're a little shorter that we've been putting on, apparently because they're much lower haircuts. ARMOUR Residential REIT, Inc. is a real estate investment trust. There were two defaults just announced for office buildings in New York and LA. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Apr. Scott? And then what's the outlook for speeds. Nonetheless, weve always viewed our investment book is holistically comprised of MBS and related hedging. The consensus EPS estimate for the quarter has been revised 3.7% higher over the last 30 days to the current level. ARMOUR Residential REIT's dividend payout ratio (DPR) is currently -65.75%. Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Now we also believe mortgages, as I said, number of times on todays call, are historically very well priced and attractive. Given that, I mean, how should we think about the earnings power for the company in terms of sustaining the current $0.28 dividend -- excuse me, $0.24 dividend. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ARMOUR Residential REIT, Inc. (NYSE:ARR - Get Rating). Mark, why dont you get into that, please. However, the stock is -18.89% off its price today a year ago. Thank you, Andrew, and thanks to everyone whos joined us this morning and one final shout out to all the shareholders that have dialed in on the internet or hear this shortly on replay. 1 Year Return. ARMOUR's Q3 2021 Highlights Paid Common stock dividends of $0.10 per share per month. Meanwhile, the Zacks Consensus Estimate for . A couple of things -- you're very welcome. Got it. 28, 2023 12:08 PM ET ARMOUR Residential REIT, Inc. (ARR), ARR.PC SA Transcripts 137.47K Follower s Follow Play Earnings Call ARMOUR Residential REIT, Inc. ( NYSE: ARR) Q1 2023. Over the last 30 days, the Zacks Consensus. And like Scott said in his remarks, SOFR plus 10% to 15% is kind of what were seeing across maturities it widened a little bit at one point when we were kind of in the middle of the SVB and Signature Banking crisis, but it came back with no issue. Although mortgage rates have already declined from the recent highs of 7.2% in early November 2022 to 6.3% in mid-February 2023, a substantial refinance wave would require mortgage rates well below the 4.5% to provide approximately 20% of existing borrowers with enough incentive to prepay early. This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. But right now, we put on those positions 3-plus years ago. Sure. That represents average net proceeds of $6.07 per share. ZacksTrade and Zacks.com are separate companies. The economic numbers that are coming out are just showing that the employment picture is very strong and thats not going to go away. ARMOUR Residential REIT Inc.'s market cap currently stands at around $991.29 million, with investors looking forward to this quarter's earnings report slated for Jul 25, 2023 - Jul 31, 2023. We think thats appropriate based on the book that we have and where weve been able to invest. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. This non-GAAP measure is defined as net interest income plus TBA drop income adjusted for the net coupon effective interest rate swaps and then minus our net operating expenses. Sure. As we've always noted, we set our dividend to be appropriate for the medium term. So somewhere 5.15, 5. Captrust Financial Advisors bought a new stake in ARMOUR Residential REIT during the 2nd quarter worth $50,000. Now I'll hand it over to Mark to talk about specific rates and where they are out in the curve. The monthly returns are then compounded to arrive at the annual return. Ticker. This quarterly report represents an earnings surprise of 16%. How much revenue does ARMOUR Residential REIT generate each year? Parallel Advisors LLC now owns 5,270 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 4,303 shares during the last quarter. But we dont see anything systemic where we go back to 15, 20 CPR right now. We see leveraged and hedge returns in the current market in the low to mid-teens. However, a number of shares eligible to vote have not yet provided their proxies. So two things going there. ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate RMBS issued or guaranteed by U.S. GSEs, or guaranteed by the Government National Mortgage Association. Okay. Identify stocks that meet your criteria using seven unique stock screeners. And it certainly looks the balance sheet has room. Obviously, we do a lot more overnight with BUCKLER than we would with anybody else just because of our relationship, but that funding has been great. And then, are you still focused on sort of the specified pool or credit impaired nature? Real-time analyst ratings, insider transactions, earnings data, and more. Or it what could surprise us, I guess? We were a little more comfortable as rates were higher. So that's the benefit that he's talking about that. For investors it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century. All of todays forward-looking statements are subject to change without notice. BUCKLER helps a lot, and that's why we went ahead and started in 2016 of putting together the BUCKLER structure. To read this article on Zacks.com click here. Its going to take some time. Jul 23, 2021, 8:00 a.m. Any sort of update on where speeds to go for 5 or 6 coupon? These figures are adjusted for non-recurring items. We look forward to having you join us this time next week for our annual meeting. Otherwise, operator, if theres another question available, were here to answer. It still won't be a surprise. View 2 Dow Stocks Trading Less Than 10x Earnings are Blue Chip Values, View 3 EV Stocks You Need To Have On Your Watchlist, View Surging Over 100%: Small Cap Electric Boat Maker Makes Waves. This is comparable to 2021s tax results. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. 326 E 8th St #105, Sioux Falls, SD 57103 Investors will be hoping for strength from Armour Residential REIT as it approaches its next earnings release. Analysts Predict Clear Channel Outdoor Holdings Inc. (NYSE: CCO) To Loss -86.57% From Current Levels. That includes $39.4 million of GAAP net income. Sure. Announces June 2023 Dividend Rate Per Common Share. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Some of thats supported by these are new marginal investments, of course. We also expect common dividends for 2023 will likely be treated at least partially as taxable ordinary income. To see all exchange delays and terms of use please see Barchart's disclaimer. By accretively managing our common share count, we were able to add $0.06 per share of value for common shareholders. Research, Inc. nor its Information Providers can guarantee the accuracy, The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. Do Not Sell My Personal Information (CA Residents Only). ARMOUR Residential REIT. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. So whether we had raised zero or $300 million, we would be cutting the dividend right now. ARR earnings call for the period ending June 30, 2021. On that day, Armour Residential REIT is projected to report earnings of $0.26 per share, which would represent a year-over-year decline of 10.34%. June 2023 Common Stock Dividend Information Month Dividend Holder of Record Date Payment Date June 2023 $0.08 June 15, 2023 June 29, 2023 Certain Tax Matters ARMOUR has elected . Thank you, Anthony, and thank you all for joining our call to discuss ARMOURs fourth quarter 2022 results. SunCar Technology Stock OverheatsWill it Rise Again? These measures are reconciled with comparable GAAP measures in our earnings release. So we have great security and the fact that we can go through the banking system with BUCKLER. ARMOUR continues to pursue favorable investment opportunities while growing the portfolio, adding $3 billion of mortgage-backed securities since year-end, bringing total portfolio size to just over $11.9 billion. Yes, Doug, we lost you. All participants will be in listen-only mode. So I hope that answers your question. ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Save my name, email, and website in this browser for the next time I comment. Analysts project the companys earnings per share (EPS) to be $0.24, which has seen fiscal year 2023 EPS growth forecast to increase to $1 and about $1.09 for fiscal year 2024. Entering text into the input field will update the search result below. So its just a mix of that. While spreads have tightened driving our book value gain, we continue to see an attractive investment environment. Thanks, Jeff. Thanks for taking my question. Copy and paste multiple symbols separated by spaces. The Risk Factors section of ARMOUR's public reports filed with the Securities and Exchange Commission, described certain factors beyond ARMOUR's control that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements. Armour Residential REIT is expected to post earnings of $0.31 per share for the current quarter, representing a year-over-year change of +14.8%. Despite the overall increase in market volatility, agency repo funding remained on a strong footing throughout the quarter with spreads ranging 10 to 20 basis points above the SOFR benchmark. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Chief Investment Officer, Mark Gruber. Data shows ARRs intraday price has changed -0.26% today and -33.07% over the past year. We believe these pools will benefit the most as volatility eases from its recent highs and reverts to historical norms. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Look at your Series C is trading at [indiscernible] I mean, on a 7% coupon. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. And then just on expenses, you talked about one of the rationales for using the ATM being to kind of spread the expense base. The Vero Beach, Florida-based company said it had a loss of $1.20 per share. It looks like youre buying stuff close to par now here. There I havent heard really any talk on from our repo counterparties about the debt ceiling and its impact. Analysts have a consensus estimate of $53.43 million for the companys revenue for the quarter, with a low and high estimate of $32.5 million and $66.6 million respectively. Id now like to turn the conference over to ARMOURs Chief Financial Officer, Jim Mountain. Yes, sure. Okay. These returns cover a period from January 1, 1988 through May 15, 2023. I think our team would rather see it slightly tighter, and that would indicate that the market in general is now willing to or have accepted the fact many of the securities that are for sale have been absorbed into the pricing structure of the MBS market. Sort of the way we look at expense and the ATM, when we look at the sort of the dollar difference between net landed proceeds and recent book value that we actually use to guide the ATM program for the full-year that dollar difference that we disclosed in the 10-K is about $9.5 million if you divide that by ending share count at the end of the year of about 163 million shares, you get $0.06 a share, or the $6 ending share price, thats kind of 1 percentage. And this is Jeff. That brings our common share count to 192,512,577 as of today. ARMOUR Residential REIT (NYSE:ARR) has a recorded net income of -$229.93 million. ARR has generated -$1.46 earnings per share over the last four quarters. Quarter end book value was $5.44 per common share, our most current available estimate of book value is as of Monday night, April 24, we estimate that book value was $5.30 per common share. The current consensus EPS estimate is $0.27 on $31.31 million in revenues for the coming quarter and $1.08 on $124.07 million in revenues for the current fiscal year. It's interesting because we're talking about this in our Board meeting the other day. You would not see us in the near future going back to the preferred market. In the market, a comparison of ARMOUR Residential REIT Inc. (ARR) and its peers suggest the former has performed considerably weaker. Want to see what other hedge funds are holding ARR? But if you choose to wait for the market to come back that would make sense. Before you consider ARMOUR Residential REIT, you'll want to hear this. Type a symbol or company name. I was going to say, we were targeting somewhere between eight and nine. Identify stocks that meet your criteria using seven unique stock screeners. Create your Watchlist to save your favorite quotes on Nasdaq.com. CWM LLC now owns 6,619 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 3,919 shares during the last quarter. And it really just going to depend on rates. And the premium youre adding, is it just sort of minimal in terms of what youre putting on that what youre booking? This reflects a positive earnings surprise of 8.00%. Now let me turn the call over to Co-Chief Executive Officer, Scott Ulm. So if you look at our preferred last night, I believe it closed at 22.5, okay? [Operator Instructions] Our next question will come from Matthew Howlett with B. Riley. This morning, I'm joined by ARMOUR's Co-CEOs, Scott Ulm and Jeff Zimmer; and by Mark Gruber, our CIO. Armour Residential REIT (ARR Quick Quote ARR - Free Report) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.31 per share.This compares to earnings . ARMOUR Residential REIT said on May 30, 2023 that its board of directors declared a regular monthly dividend of $0.08 per share ($0.96 annualized). We are not nervous about the Fed selling mortgages down the road. Is Verizons 7% Yield Too Good To Pass Up? Comparatively, Invesco Mortgage Capital Inc. (IVR) has moved 0.71% so far today and only -33.45% in the past 12 months. Delayed quotes by FIS. In January 2023, the Agency MBS index delivered the third best monthly total return since 1989, reflecting the value proposition mortgage spreads after their worst 1-year performance on record in 2022. So theyre yielding 6%. Looking at the price targets, the low is 1.77% off recent price level in todays trading while to achieve the yearly target high, it has to move -96.46%. Proceeds were reinvested into new higher-yielding current coupon mortgages. Sales proved to be well timed as lower coupon MBS accounting for most of the securities transferred into FDIC receivership from the 2 failed bags. While ARMOUR Residential REIT currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. And that still covers about 65% of our repo book. It also invests in residential mortgage backed securities issued or guaranteed by a United States government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration. We disclaim any obligation to update them unless required by law. Did we get you back, Doug? Theyre still positive. I hope thats helpful. The conference has now concluded. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. So in the environment that we have today, were able to raise common equity right around par, right around book value as Jim Mountain stated. These symbols will be available throughout the site during your session. ARMOUR paid monthly common dividends of $0.10 per share for January, $0.10 for February and $0.08 for March for a total of $0.28 for the quarter. I guess if I look at the operating expense as a percentage of equity, its actually been going up over the course of the year, since the management fee is. ARMOUR continues to fund just over 50% of our borrowers through our broker-dealer affiliate BUCKLER Securities. Net interest income of $20.4 million. This brings our common share count to 192,774,581 shares, representing a common share market capitalization of over $1.1 billion based on last nights closing market prices. So they want to go ahead and sell their two and two and a halves, which are areas that others maybe invested in, thats fine. All rights reserved. Thanks, Jim. Learn more about Zacks Equity Research reports. So thats where we are now. Thanks a lot. Despite all these challenges, the spreads on MBS have remained tighter versus the wide seen last fall, implying that there is a significant appetite for mortgage assets near their current valuations. Environmental, Social and Governance Report. MBS volatility, which was exceptionally high in 2022, is declining. We will now begin the question-and-answer session. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, ARMOUR Residential REIT, Inc. (ARR): Free Stock Analysis Report, Cherry Hill Mortgage Investment Corporation (CHMI): Free Stock Analysis Report. The next question comes from Matthew Howlett with B. Riley. ARMOURs average prepayment rate for all MBS assets to the fourth quarter of 2022 was 4.3 CPR and just 3.7 CPR so far in 2023. This residential real estate finance company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +7.1%. And I guess the last topic, the CPRs, I mean, I think you said 4.7, well, these are the lowest numbers Ive seen in my career. When is ARMOUR Residential REIT's earnings date? Please. Well, now, the swaps that we have and the swaps we put on are incremental to the earnings and thats a benefit shareholders. We increased the regulatory capital at our broker dealer affiliate, BUCKLER Securities to $203 million, BUCKLER continues to represent a strategic advantage for over by providing repo funding ATM placement and other capital market access. This has left investors demanding an additional discount to absorb the unanticipated supply. Armour Residential REIT, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $35.05 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 18.68%. This represents a $0.96 dividend on an annualized basis and a dividend yield of 18.73%. Our total leverage closed the year at 6.8x and currently sits at 8x, providing us with room to increase our investment portfolio size as future opportunities come along. to common stockholders was $49.3 million or $0.27 per common share. But we want to see others invest. Armour Residential REIT, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $35.05 million for the quarter ended June 2022, surpassing the Zacks Consensus. First, can you say what the treasury hedges that you show in the slide deck? This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Now look at when the tide goes out, all shifts go down, okay? During the first quarter, we issued 29,862,647 shares of our common stock through our ATM program, raising $181.2 million of capital after fees and expenses. Neither Zacks Investment View which stocks are hot on social media with MarketBeat's trending stocks report. So we dont see any issue with repo both overnight or term. ARMOUR Residential REIT (ARR) Quote Overview, ARMOUR Residential REIT (ARR) Earnings Date and Announcements, Armour Residential REIT (ARR) Gains As Market Dips: What You Should Know, Armour Residential REIT (ARR) Outpaces Stock Market Gains: What You Should Know, Armour Residential REIT (ARR) Stock Sinks As Market Gains: What You Should Know. Earnings, adjusted for non-recurring costs, were 32 cents per share. ARMOUR Residential REIT, Inc operates as a real estate investment trust, which engages in the investment in business of investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. Add to Calendar. And we understand that, but we will not have a direct impact on the assets we own from them selling the coupons in our portfolio. The pay ups in general, like we said earlier, are usually single digits, maybe half a point. Our next question comes from Christopher Nolan with Ladenburg Thalmann. Armour Residential REIT is currently sporting a Zacks Rank of #3 (Hold). Additional Information and Where to Find It. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Wall Street Digs Rio Tinto, 3 High-Short-Interest Stocks Spark Potential Opportunities, Stock market today: World shares mostly higher as investors await Fed policy decision, price data, China struggles with weak post-COVID economic recovery, Nasdaq to buy financial software company Adenza in $10.5 billion cash-and-stock deal, UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil. So thats whats going on there. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. So if it widens a little bit more, we'll be there to watch and perhaps invest at that point. So theyre going to start at zero and theyre going to slowly ramp up. Repo rates have gone from 25 basis points to 4.5 and 4.7 right now. So $0.14 per share pickup. $6 a share, you got about a 16% payout right now. Get daily stock ideas from top-performing Wall Street analysts. Okay. The Zacks Consensus Estimate has changed . So even though you have a very strong employment situation as you see credit defaults and were sure the Federal Reserve expects these credit defaults, youll see that will spread to the employment sector just takes a while. That's what we're expecting based on where rates are today, the pull-through of rates versus over time. But we are, for the most part, looking at bonds that have low pay-ups because thats where we like to play because we dont want that additional risk of having big pay-ups that could evaporate in different scenarios. Yes, absolutely. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Over the last 30 days, the Zacks Consensus Estimate . See what's happening in the market right now with MarketBeat's real-time news feed. The company has topped consensus revenue estimates four times over the last four quarters. So we're going to be aware. The company has a Forward Dividend ratio of 0.96, with its dividend yield at 18.82%. I think Ill try to take up from the I think the line of questioning Doug Harter was pursuing. NYSE and AMEX data is at least 20 minutes delayed. For the current quarter, Armour Residential REIT is expected to post earnings of $0.25 per share, indicating a change of -10.7% from the year-ago quarter. the Web site, including, but not limited to Information originated by Zacks This non-GAAP measure is defined as net interest income plus TBA drop income adjusted for the net coupon effective interest rate swaps and then minus our net operating expenses. We are also mindful that this environment could deliver upside for surprises as well they could move our metrics substantial. It's packed with all of the company's key stats and salient decision making information. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.23 per share when it actually produced earnings of $0.28, delivering a surprise of 21.74%. The scores are based on the trading styles of Value, Growth, and Momentum. ARMOUR's Q4 comprehensive income was $60.2 million or $0.89 . VERO BEACH, Florida, April 27, 2022 (GLOBE NEWSWIRE) - ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) ("ARMOUR" or the "Company") today announced the Company's March 31, 2022 financial position and Q1 results. No, absolutely. Dont miss your chance to get inbecause the sooner you do, the more upside you stand to grab. As a matter of fact, most of what they would have to sell, theyre not in our portfolio, frankly. So where does that funding power comes from that large swap position. So thats one of our risk management techniques is to keep in lower pay-ups and to find bonds that have characteristics that we like where were not paying up a lot for it. $5.13. online replay of this conference call will be available on ARMOURs website shortly and will continue there for one year. 25-cent Stock Takes $11T Commodities Sector Digital. VERO BEACH, Florida, May 30, 2023 (GLOBE NEWSWIRE) - ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) ("ARMOUR" or the "Company") today announced the June 2023 cash dividend for the Company's Common Stock. Parallel Advisors LLC increased its stake in shares of ARMOUR Residential REIT by 445.0% in the 4th quarter. Investors should also note Armour Residential REIT's current valuation metrics, including its Forward P/E ratio. ARMOUR Residential REIT (NYSE:ARR) has a recorded annual revenue of $228.43 million. Previously, the company paid $0.08 per share. Is this happening to you frequently? Please disable your ad-blocker and refresh. This is an estimated date of earnings release. As we have discussed in our previous calls, our aim is to pay an attractive dividend that is appropriate in context and stable over the medium-term. And can you more generally just talk about how you guys are approaching hedging rate risk as you make incremental investments here? And then Mark, perhaps just talk a little bit about different maturities and where we are there and the cost of those maturities and the access to it. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An online replay of this conference call will be available on ARMOURs website shortly and will continue there for one year. The chart below shows up to four years of a company's revenue history. We encourage all shareholders to return their proxies and to participate in your annual meeting next week. They may internally have to change their target from 2% to, like, 3% to 4% without announcing it. Your common equity basis increased to the extent that you do have room to do another preferred series. They set a "sell" rating on the stock. And how does BUCKLER help kind of in that context? We estimate that our book value was $6.04 per share after providing for the February dividends. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. We appreciate that, and we wish you the best of luck with the Credit Suisse merger. We continue to favor these lower payoff premium specified stories, which we believe will perform best when volatility reverts to its historical norms. Is it seasonal in nature? And just curious, what do you think of those, first of all, in terms of investment in selection? These investments also reflect historically low prepayment risk as the MBA Finance Index has remained at suppressed levels. ARMOUR Residential REIT has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, July 26th, 2023 based off prior year's report dates. Available returns are in the 14% to 16% area. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. We're confident that highly liquid U.S. government-sponsored mortgage-backed securities, trading at multi-decade widespreads with muted refinance activity will grow increasingly attractive to the investor base in 2023. A look at the stocks price movement, the level at last check in todays session was $5.10, moving within a range at $5.075 and $5.18. But what I also said and I wanted to be crystal clear on that. An online replay of this conference call will be available on ARMOUR's website shortly and will continue for 1 year. Good morning, Matt. Robinhood gives you the tools you need to put your money in motion. These Stocks Have Bottomed and Are Primed for Reversal. Also, todays discussion refers to certain non GAAP measures. Cherry Hill Mortgage (CHMI), another stock in the same industry, has yet to report results for the quarter ended June 2022. And Mark you could perhaps provide some detail on the recent exchange rate swaps that we put on the books. NASDAQ data is at least 15 minutes delayed. See rankings and related performance below. The enormous supply of cash for money market funds combined with a growing shortage of [indiscernible] 2 bills have created incredibly liquid conditions for overnight agency repo and term agency repo funding that benefit ARMOUR. REIT Directory. The Risk Factors section of ARMOURs public reports filed with the Securities and Exchange Commission described certain factors beyond ARMOURs control that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Armour Residential REIT shares have lost about 27.1% since the beginning of the year versus the S&P 500's decline of -17.7%. You may now go ahead. Sure. And again, its part of our liquidity management. Buffett-Backed BYD Caught In The Chinese Government's Stimulus. Thank you, Andrew, and thank you all for joining our call to discuss ARMOUR's first quarter 2023 results. During the first quarter, we also repurchased 842,927 shares of common stock at an average net cost of $5.11 per share. [Operator Instructions] Please note, this event is being recorded. Real-time analyst ratings, insider transactions, earnings data, and more. ARMOUR's average prepayment rate for all MBS assets in the first quarter of 2023 was 4.7 CPR and still a very low 6.7 CPR for April. Good morning. And the most recent issuance by other firms in our broader space have been at higher coupons and the existing issues that they have outstanding that were fixed for five years and go to floating will mean their coupons are going to go to 9% and 10%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. By now, everyone has access to ARMOURs earnings release, which can be found on ARMOURs website www.armourreit.com. So its actually helped us. CWM LLC grew its position in ARMOUR Residential REIT by 145.1% during the 4th quarter. ARMOUR has elected to be taxed as a real estate investment trust (REIT) for U.S. Federal income tax purposes. While 2022 marked an all-time worst year for total returns on U.S. Treasuries and agency mortgages since their inclusion in fixed income indices, several trends beginning in the fourth quarter and extending into the new year give us optimism that 2023 will see a very constructive environment for MBS and our investment strategy. The next question comes from Doug Harter with Credit Suisse. You may now go ahead. Okay, then. Wall Street Digs Rio Tinto, 3 High-Short-Interest Stocks Spark Potential Opportunities, Stock market today: World shares mostly higher as investors await Fed policy decision, price data, China struggles with weak post-COVID economic recovery, Nasdaq to buy financial software company Adenza in $10.5 billion cash-and-stock deal, UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil. But generally, we feel very comfortable doing a lot of overnight with BUCKLER we wouldn't feel as comfortable doing it with our other 20 some other counterparties in the repo market because the will and changes probably may approach the markets could happen in any single day. For their last quarter, ARMOUR Residential REIT (ARR) reported earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. Thanks for calling in. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Per the data, EPS growth is expected to be -13.00% for 2023 and 9.00% for the next financial year. Those periodic filings can be found on ARMOUR's SEC -- on the SEC's website at www.sec.gov. They waived million $1.65 million for Q1, which offsets operating expenses. Visit Performance Disclosure for information about the performance numbers displayed above. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, believes, predicts, potential, continue, and similar expressions are intended to identify such forward-looking statements. They went to zero or negative in some cases. And then just any comments on the changes with the g-fee. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. As of the close of business last Friday, February 12, we estimate book value to be approximately $12.90 per common share ex dividend. ARMOUR Residential REIT, Inc. (NYSE:ARR) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET, James Robert Mountain - Chief Financial Officer, Scott Ulm - Co-Chief Executive Officer, Head of Risk Management and Co-Vice Chairman, Jeffrey Zimmer - Co-Chief Executive Officer, President and Co-Vice Chairman, Mark Richard Gruber - Chief Investment Officer. October 26, 2022 VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported a third-quarter loss of $144.3 million, after reporting a profit in the same period a year earlier. You can buy or sell ARR and other ETFs, options, and stocks. Export data to Excel for your own analysis. Investors, security holders and other interested persons may find additional information regarding the Company at the SECs internet site at www.sec.gov, or the Company website at www.armourreit.com, or by directing requests to: ARMOUR Residential REIT, Inc., 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963, Attention: Investor Relations. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Enter your email address below to receive the latest news and earnings results for ARR and its competitors with MarketBeat's FREE daily newsletter. ET. ARMOUR Residential REIT Inc.s market cap currently stands at around $991.29 million, with investors looking forward to this quarters earnings report slated for Jul 25, 2023 Jul 31, 2023. Looking at another peer, we see that AGNC Investment Corp. (AGNC) price has dipped -0.05% on the day. The Relative Strength Index (RSI, 14) currently prints 54.19, while 7-day volatility ratio is 2.17% and 2.80% in the 30-day chart. Good morning. We would expect in our portfolio of CPRs pick up a little bit as were adding newer bonds. [Operator Instructions] Our first question will come from Doug Harter with Credit Suisse. As long as volatility stays where it is and the Federal Reserve continues to tighten, which we do expect another 25 basis points at the next meeting. (844) 978-6257. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. Your email address will not be published. How much profit does ARMOUR Residential REIT generate each year? And you can get you can get that duration on your balance sheet by also using treasuries in the future. 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