ARR Stock Summary and Trading Ideas (Armour Residential REIT | NYSE:ARR)

ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.

Armour Residential REIT trades on the NYSE stock market under the symbol ARR.

As of April 18, 2024, ARR stock price climbed to $17.71 with 828,641 million shares trading.

ARR has a beta of 2.26, meaning it tends to be more sensitive to market movements. ARR has a correlation of 0.46 to the broad based SPY ETF.

ARR has a market cap of $863.36 million. This is considered a Small Cap stock.

Last quarter Armour Residential REIT reported $6 million in Revenue and $1.07 earnings per share. This fell short of revenue expectation by $-27 million and exceeded earnings estimates by $.07.

In the last 3 years, ARR stock traded as high as $62.80 and as low as $13.32.

The top ETF exchange traded funds that ARR belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

ARR has underperformed the market in the last year with a price return of -14.4% while the SPY ETF gained +22.2%. ARR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.2% and -6.9%, respectively, while the SPY returned +5.2% and -2.6%, respectively.

ARR support price is $17.19 and resistance is $17.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARR stock will trade within this expected range on the day.