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NYSE:ARR

ARMOUR Residential REIT (ARR) Stock Price, News & Analysis

$18.98
+0.33 (+1.77%)
(As of 05/24/2024 ET)
Today's Range
$18.65
$18.99
50-Day Range
$17.36
$19.78
52-Week Range
$13.31
$27.00
Volume
918,853 shs
Average Volume
941,368 shs
Market Capitalization
$925.28 million
P/E Ratio
N/A
Dividend Yield
15.17%
Price Target
$19.25

ARMOUR Residential REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.4% Upside
$19.25 Price Target
Short Interest
Healthy
7.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.36
Upright™ Environmental Score
News Sentiment
0.46mentions of ARMOUR Residential REIT in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.03%
From $3.46 to $3.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.73 out of 5 stars

Finance Sector

547th out of 854 stocks

Real Estate Investment Trusts Industry

106th out of 174 stocks

ARR stock logo

About ARMOUR Residential REIT Stock (NYSE:ARR)

ARMOUR Residential REIT, Inc. is a real estate investment trust (REIT) that invests in residential mortgage-backed securities (MBS) in the United States. The company's headquarters are located in Vero Beach, Florida, and it operates in various states nationwide. ARMOUR Residential REIT, Inc. primarily invests in agency MBS, securities issued by government-sponsored enterprises such as Fannie Mae, Freddie Mac, and Ginnie Mae. These securities represent pools of mortgages that the US government backs.

ARMOUR Residential REIT, Inc. has a management team with extensive experience in the mortgage industry. Jeffrey Zimmer, the Chairman and Chief Executive Officer, has been with the company since its inception in 2008. James Mountain, the President and Chief Information Officer, joined ARMOUR Residential REIT, Inc. in 2019 and has over 25 years of experience in the financial industry. Other key leadership team members include Mark Gruber, the Chief Financial Officer, and James R. Mountain, Jr., the Chief Operating Officer. The company's management team has a track record of successfully managing mortgage investments and generating strong returns for shareholders.

Over the past few years, ARMOUR Residential REIT, Inc. has declined revenue and earnings due to the low-interest-rate environment and market volatility. Since 2018 there has only been one year (2021) where ARMOUR Residential REIT, Inc. reported positive net revenue and net income numbers. High borrowing costs have also impacted the company's profit margins, with an average net interest margin of 0.81%. ARMOUR Residential REIT, Inc. has maintained a marginal balance sheet with an average debt-to-equity ratio of approximately 5.26. ARMOUR has not seen any significant changes in ownership in recent years. ARMOUR Residential REIT, Inc. has a valuation that aligns with industry peers. The company's price-to-book and price-to-earnings ratios are on par with industry peers. These metrics suggest that the company is valued relatively compared to industry peers.

Regarding market performance, ARMOUR Residential REIT, Inc. has had a fairly volatile and declining stock price over the past few years. The stock price has ranged from a low of $5 in Q1 of 2023 to a high of $21.39 in February 2019. The trading volume for the stock has been relatively stable, with an average daily volume of 6 million shares. 

The residential mortgage-backed securities industry is subject to various regulatory and political risks, including changes in interest rates, mortgage underwriting standards, and government policies. ARMOUR Residential REIT, Inc. faces competition from other REITs and institutional investors who invest in MBS and individual investors who can invest in MBS through mutual funds or exchange-traded funds. Additionally, the company's performance is sensitive to changes in interest rates, which can impact the value of its MBS portfolio and its borrowing costs.

ARMOUR Residential REIT, Inc. has potential growth opportunities in new product launches and market expansion. The company could explore investing in non-agency MBS or other real estate investments to diversify its portfolio. The company could also expand into new markets, such as international or non-residential real estate. ARMOUR Residential REIT, Inc. has historically generated strong returns for shareholders and has the potential to continue generating strong returns.  

ARR Stock Price History

ARR Stock News Headlines

New Strong Sell Stocks for May 10th
Q1 2024 ARMOUR Residential REIT Inc Earnings Call
Bearish Blades: 3 Falling Knives to Dodge in 2024
ARR Jan 2025 18.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 4/29 Dividend
4/12/2024
Last Earnings
4/26/2024
Dividend Payable
4/29/2024
Ex-Dividend for 5/28 Dividend
5/14/2024
Today
5/25/2024
Dividend Payable
5/28/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
04231510
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.25
High Stock Price Target
$20.00
Low Stock Price Target
$18.50
Potential Upside/Downside
+1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-67,920,000.00
Pretax Margin
-3.83%

Debt

Sales & Book Value

Annual Sales
$552.90 million
Cash Flow
$4.42 per share
Book Value
$25.58 per share

Miscellaneous

Free Float
48,581,000
Market Cap
$925.28 million
Optionable
Optionable
Beta
1.48
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ARR Stock Analysis - Frequently Asked Questions

Should I buy or sell ARMOUR Residential REIT stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ARMOUR Residential REIT in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ARR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARR, but not buy additional shares or sell existing shares.
View ARR analyst ratings
or view top-rated stocks.

What is ARMOUR Residential REIT's stock price target for 2024?

3 Wall Street research analysts have issued 12-month price targets for ARMOUR Residential REIT's shares. Their ARR share price targets range from $18.50 to $20.00. On average, they anticipate the company's share price to reach $19.25 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for ARR
or view top-rated stocks among Wall Street analysts.

How have ARR shares performed in 2024?

ARMOUR Residential REIT's stock was trading at $19.32 at the beginning of the year. Since then, ARR stock has decreased by 1.8% and is now trading at $18.98.
View the best growth stocks for 2024 here
.

Are investors shorting ARMOUR Residential REIT?

ARMOUR Residential REIT saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,660,000 shares, a decrease of 17.9% from the April 15th total of 4,460,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 3.2 days. Approximately 7.6% of the shares of the company are sold short.
View ARMOUR Residential REIT's Short Interest
.

When is ARMOUR Residential REIT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our ARR earnings forecast
.

How were ARMOUR Residential REIT's earnings last quarter?

ARMOUR Residential REIT, Inc. (NYSE:ARR) announced its quarterly earnings data on Friday, April, 26th. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.22. The real estate investment trust had revenue of $141.48 million for the quarter, compared to the consensus estimate of $39.60 million. ARMOUR Residential REIT had a positive trailing twelve-month return on equity of 15.68% and a negative net margin of 3.83%.

How often does ARMOUR Residential REIT pay dividends? What is the dividend yield for ARMOUR Residential REIT?

ARMOUR Residential REIT announced a monthly dividend on Wednesday, April 24th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.24 per share on Tuesday, May 28th. This represents a $2.88 dividend on an annualized basis and a yield of 15.17%. The ex-dividend date is Tuesday, May 14th.
Read our dividend analysis for ARR
.

Is ARMOUR Residential REIT a good dividend stock?

ARMOUR Residential REIT (NYSE:ARR) pays an annual dividend of $2.88 per share and currently has a dividend yield of 15.44%. ARR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ARR.

When did ARMOUR Residential REIT's stock split?

Shares of ARMOUR Residential REIT reverse split on Monday, October 2nd 2023. The 1-5 reverse split was announced on Monday, October 2nd 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, October 2nd 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of ARMOUR Residential REIT own?
Who are ARMOUR Residential REIT's major shareholders?

ARMOUR Residential REIT's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.06%), Van ECK Associates Corp (0.62%), Principal Financial Group Inc. (0.52%), Advisors Asset Management Inc. (0.30%), Susquehanna Fundamental Investments LLC (0.16%) and California State Teachers Retirement System (0.10%). Insiders that own company stock include Daniel C Staton, James R Mountain and Jeffrey J Zimmer.
View institutional ownership trends
.

How do I buy shares of ARMOUR Residential REIT?

Shares of ARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ARR) was last updated on 5/26/2024 by MarketBeat.com Staff

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