BlackRock Discloses 10.0% Passive Stake in Armour Residential REIT
Ticker: ARR-PC · Form: SC 13G · Filed: Jan 22, 2024 · CIK: 1428205
| Field | Detail |
|---|---|
| Company | Armour Residential Reit, Inc. (ARR-PC) |
| Form Type | SC 13G |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, REIT, 13G-filing
TL;DR
**BlackRock owns 10% of Armour Residential REIT, a big passive stake.**
AI Summary
BlackRock Inc., a major investment management firm, reported on January 22, 2024, that it holds 10,105,406 shares of Armour Residential REIT Inc. common stock as of December 31, 2023. This represents a 10.0% ownership stake in the real estate investment trust. This matters to investors because BlackRock's significant passive ownership indicates institutional confidence in Armour Residential REIT, potentially signaling stability or long-term value, but it's not an active investment decision to influence management.
Why It Matters
BlackRock's substantial, albeit passive, ownership in Armour Residential REIT Inc. can be seen as a vote of confidence from a major institutional investor, which might reassure current and prospective shareholders about the company's stability.
Risk Assessment
Risk Level: low — This filing indicates a passive institutional investment, which generally doesn't introduce new risks but rather suggests a baseline level of institutional interest.
Analyst Insight
Investors should note BlackRock's significant, passive stake as a sign of institutional presence, but understand it doesn't imply active management influence or a bullish signal for immediate price appreciation. It's a data point for long-term stability rather than short-term trading.
Key Numbers
- 10,105,406 — Shares Owned (Total shares of Armour Residential REIT Inc. common stock beneficially owned by BlackRock Inc.)
- 10.0% — Ownership Percentage (The percentage of Armour Residential REIT Inc.'s common stock owned by BlackRock Inc., indicating a significant institutional stake.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Armour Residential REIT, Inc. (company) — the subject company in which shares are held
- 10,105,406 (dollar_amount) — total shares beneficially owned by BlackRock
- 10.0% (dollar_amount) — percentage of class owned by BlackRock
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain its passive stake in Armour Residential REIT Inc. at or around 10% for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock Inc., a major investment management firm based in New York, NY.
What is the subject company whose shares are being reported?
The subject company is Armour Residential REIT, Inc., a real estate investment trust with its business address in Vero Beach, FL.
How many shares of Armour Residential REIT Inc. does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 10,105,406 shares of Armour Residential REIT Inc. common stock as of December 31, 2023.
What percentage of Armour Residential REIT Inc.'s common stock does BlackRock Inc. own?
BlackRock Inc. owns 10.0% of the common stock of Armour Residential REIT Inc.
What was the date of the event that required this SC 13G filing?
The date of the event which required this filing was December 31, 2023, as stated in the Schedule 13G.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 22, 2024 regarding Armour Residential REIT, Inc. (ARR-PC).