ARMOUR Residential REIT Non-GAAP EPS of $0.82 misses by $0.23
Seeking Alpha News (Thu, 25-Apr 4:45 PM ET)
ARMOUR Residential REIT Shares Latest Business Update
TipRanks (Thu, 25-Apr 4:44 PM ET)
ARMOUR Residential REIT, Inc. Announces Q1 Results and March 31, 2024 Financial Position
Globe Newswire (Thu, 25-Apr 4:15 PM ET)
ARMOUR Residential REIT declares $0.24 dividend
Seeking Alpha News (Thu, 25-Apr 2:23 AM ET)
ARMOUR Residential REIT Q1 Results and Strategy Webcast
TipRanks (Wed, 24-Apr 4:33 PM ET)
Tyler Technologies Non-GAAP EPS of $2.20 beats by $0.20, revenue of $512.4M beats by $4.45M
Seeking Alpha News (Wed, 24-Apr 4:20 PM ET)
ARMOUR Residential REIT, Inc. Announces May 2024 Dividend Rate Per Common Share
Globe Newswire (Wed, 24-Apr 4:20 PM ET)
ARMOUR Residential REIT, Inc. First Quarter 2024 Webcast Scheduled for April 26, 2024
Globe Newswire (Wed, 24-Apr 4:15 PM ET)
Globe Newswire (Mon, 1-Apr 4:15 PM ET)
Business Wire (Wed, 27-Mar 4:48 PM ET)
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 25, 2024, ARR stock price declined to $18.21 with 1,347,938 million shares trading.
ARR has a beta of 2.10, meaning it tends to be more sensitive to market movements. ARR has a correlation of 0.44 to the broad based SPY ETF.
ARR has a market cap of $887.74 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 return of -13.0%, while the SPY ETF gained +23.6%. In the last 3 month period, ARR fell short of the market, returning -2.7%, while SPY returned +4.1%. However, in the most recent 2 weeks ARR has outperformed the stock market by returning -0.3%, while SPY returned -2.1%.
ARR support price is $18.36 and resistance is $19.10 (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.