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ARMOUR Residential REIT, Inc.NYSE:ARR Stock Report

Market Cap US$2.2b
Share Price
n/a
1Y3.1%
7D-3.4%
1D-0.2%
Portfolio Value
​
View

ARMOUR Residential REIT, Inc.

NYSE:ARR Stock Report

Market Cap: US$2.2b

ARMOUR Residential REIT (ARR) Stock Overview

Invests in residential mortgage-backed securities (MBS) in the United States. More details

ARR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

Rewards

Price-To-Earnings ratio (5.3x) is below the US market (18.4x)

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 2.2% per year for the next 3 years

Debt is not well covered by operating cash flow

Dividend of 18.23% is not well covered by free cash flows

Shareholders have been diluted in the past year


ARR Community Fair Values

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Analyst Price Targets

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ARMOUR Residential REIT, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ARMOUR Residential REIT
Historical stock prices
Current Share PriceUS$15.80
52 Week HighUS$19.31
52 Week LowUS$13.98
Beta1.34
1 Month Change-5.05%
3 Month Change-7.60%
1 Year Change3.13%
3 Year Change-35.51%
5 Year Change-70.74%
Change since IPO-95.35%

Recent News & Updates

Seeking Alpha • Aug 11

Armour Residential REIT: A High-Yield Fixed-Rate Preferred For An Elevated-Rate Environment (Reaffirming Buy)

Summary ARMOUR Residential REIT Series C preferred shares offer an ~8.3% current yield at ~$21, appealing for income-focused investors. Recent macro shifts, including a more hawkish Fed stance, have increased the embedded credit premium, enhancing the preferred's high yield relative to lower yielding preferreds. ARR reported a Q2 net income of ~$114 million, reversing prior mark-to-market losses on MBS holdings and maintaining strong preferred dividend coverage. Monthly payouts and adequate coverage support ARR.PR.C's allocation, though investors should monitor interest rate and credit spread developments. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Aug 11

Armour Residential REIT: A High-Yield Fixed-Rate Preferred For An Elevated-Rate Environment (Reaffirming Buy)

Summary ARMOUR Residential REIT Series C preferred shares offer an ~8.3% current yield at ~$21, appealing for income-focused investors. Recent macro shifts, including a more hawkish Fed stance, have increased the embedded credit premium, enhancing the preferred's high yield relative to lower yielding preferreds. ARR reported a Q2 net income of ~$114 million, reversing prior mark-to-market losses on MBS holdings and maintaining strong preferred dividend coverage. Monthly payouts and adequate coverage support ARR.PR.C's allocation, though investors should monitor interest rate and credit spread developments. Read the full article on Seeking Alpha
Seeking Alpha • Mar 05

Armour Residential REIT: Undervalued But Not A Steady Earnings Grower

Summary ARMOUR Residential REIT gets a hold rating today, agreeing with the consensus from SA analysts and Wall St. Although trading near 5-year lows and undervalued vs peers, it struggles with profit margin and growing dividends. This REIT has a diverse portfolio of mortgage securities, but also is exposed to fluctuations in interest rates and market values of those securities. An elevated interest rate environment keeping real estate debt financing costly could continue being a headwind in the overall sector. Read the full article on Seeking Alpha
Seeking Alpha • Jan 05

Armour Residential: A Tactical Bounce Is Possible

Summary According to our analysis, Armour Residential REIT, Inc.'s portfolio has shifted to specified pools, with a total value increase to $12.313 billion, indicating structural changes and potential growth. Higher mortgage rates and fewer prepayments may boost ARR REIT's income and valuation benefits, despite recent swap losses. ARR REIT's 15.18% forward dividend yield and 0.8x price-to-book ratio present a compelling tactical opportunity amid a rising mortgage rate environment. Despite historical value destruction, ARR REIT's solid financing strategy and favorable systematic environment likely make it a tactical play for early 2025. Read the full article on Seeking Alpha
Seeking Alpha • Sep 04

Armour Residential: Backing Out Before Prepayment Risk Emerges (Downgrade)

Summary Armour Residential REIT Inc.'s year-to-date performance is commendable, but lower mortgage rates have introduced headwinds. Lower mortgage rates may lead to higher prepayment rates, lower asset valuations, and enhanced systematic risk. The REIT can mitigate risks by shorting pay-fixed swaps. However, I'm unsure to what extent a better liability-level structure will protect Armour Residential's assets from lower mortgage rates. Despite a strong dividend yield, Armour Residential's fundamental aspects, valuation metrics, and historical market value losses prompted me to downgrade my outlook for the next twelve months. Read the full article on Seeking Alpha
Seeking Alpha • Jul 07

Armour Residential: The 15% Yield Indicates Trouble May Be Brewing

Summary Armour Residential is a real estate investment trust that primarily invests in mortgage-backed securities in the residential mortgage market. The company earns income from interest payments on the underlying mortgage loans in its portfolio. Shareholders have experienced a significant loss in investment value over the past three years compared to the S&P 500. In my view, with an overleveraged balance sheet and dividends that are unsupported by the current earnings run rate, I would avoid shares. Read the full article on Seeking Alpha

Shareholder Returns

ARRUS Mortgage REITsUS Market
7D-3.4%-3.6%-2.2%
1Y3.1%-13.3%13.1%

Return vs Industry: ARR exceeded the US Mortgage REITs industry which returned -13.3% over the past year.

Return vs Market: ARR underperformed the US Market which returned 13.1% over the past year.

Price Volatility

Is ARR's price volatile compared to industry and market?
ARR volatility
ARR Average Weekly Movement2.2%
Mortgage REITs Industry Average Movement4.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.9%

Stable Share Price: ARR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ARR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008n/aScott Ulmwww.armourreit.com

ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. The company has elected to be taxed as a real estate investment trust.

ARMOUR Residential REIT, Inc. Fundamentals Summary

How do ARMOUR Residential REIT's earnings and revenue compare to its market cap?
ARR fundamental statistics
Market capUS$2.24b
Earnings (TTM)US$418.45m
Revenue (TTM)US$490.69m
5.3x
P/E Ratio
4.6x
P/S Ratio

Is ARR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ARR income statement (TTM)
RevenueUS$490.69m
Cost of RevenueUS$0
Gross ProfitUS$490.69m
Other ExpensesUS$72.24m
EarningsUS$418.45m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.96
Gross Margin100.00%
Net Profit Margin85.28%
Debt/Equity Ratio756.7%

How did ARR perform over the long term?

See historical performance and comparison

Dividends

18.2%
Current Dividend Yield
80%
Payout Ratio

Does ARR pay a reliable dividends?

See ARR dividend history and benchmarks
When do you need to buy ARR by to receive an upcoming dividend?
ARMOUR Residential REIT dividend dates
Ex Dividend DateSep 15 2026
Dividend Pay DateSep 29 2026
Days until Ex dividend3 days
Days until Dividend pay date17 days

Does ARR pay a reliable dividends?

See ARR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 22:07
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ARMOUR Residential REIT, Inc. is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark DeVriesBarclays
Kenneth BruceBofA Global Research
Timothy D'AgostinoB. Riley Securities, Inc.