Texas Permanent School Fund Corp Grows Stock Holdings in ARMOUR Residential REIT, Inc. (NYSE:ARR)

The Texas Permanent School Fund Corp (TSFC) has recently increased its stock holdings in ARMOUR Residential REIT, Inc. (NYSEARR). This news was announced on July 14, 2021, and indicates that the TSFC has purchased additional shares of ARMOUR's common stock.

The Texas Permanent School Fund Corp is a state-owned investment fund that manages the endowment of the public schools in Texas. The fund was established in 1972 with the goal of providing long-term financial stability to the public schools in the state. The TSFC invests in a diversified portfolio of assets, including stocks, bonds, and real estate, to achieve its investment objectives.

ARMOUR Residential REIT, Inc. is a publicly traded real estate investment trust (REIT) that owns and operates multifamily properties in the United States. The company was founded in 2013 and has a portfolio of over 45,000 apartment units across 17 states. ARMOUR's mission is to provide affordable housing for families and individuals while generating attractive returns for its shareholders.

The increase in stock holdings by the TSFC in ARMOUR Residential REIT, Inc. may indicate that the fund sees potential growth opportunities in the multifamily real estate market. The TSFC's investment in ARMOUR may also provide a stable source of income for the public schools in Texas through dividends paid by the company.

It is important to note that this information is based on publicly available sources and should not be construed as financial advice. Investors should always conduct their own research and consult with a financial advisor before making any investment decisions.