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Armour Residential REIT slips after launching stock offering

ReutersAug 5, 2025 9:46 PM

Shares of Armour Residential REIT ARR.N down 2.1% to $16.44 after hours in wake of equity offering news

Vero Beach, Florida-based firm commences 18.5 mln share offering

It intends to use net proceeds to acquire additional mortgage-backed securities and other mortgage-related assets issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association (Ginnie Mae)

Goldman Sachs sole bookrunner for the offering

ARR has ~91.59 mln shares outstanding for $1.5 bln market cap

Shares of ARR closed flat at $16.80 on Tues, down 11% YTD

1 of 6 analysts rates ARR "strong buy", 5 rate "hold" and median PT is $18, per LSEG data

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