ARMOUR Residential REIT, Inc. (NYSE:ARR) was among Jim Cramer’s stock calls, as he discussed the rising market speculation. Toward the end of the lightning round, when a caller inquired about the stock, Cramer said:
I’ve known it for a long time. I don’t understand why the yield’s so high, and it does concern me. I know that higher rates don’t necessarily help it. I’ve never really been a big fan, but I can see that you would want to own it.
Photo by Adam Nowakowski on Unsplash
ARMOUR Residential REIT, Inc. (NYSE:ARR) manages a specialized portfolio focused on mortgage-backed securities issued or guaranteed by U.S. government entities. The company also holds a variety of government bonds and money market assets.
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