Armour Residential REIT is a American stock, trading under the symbol ARR-N on the New York Stock Exchange (ARR). It is usually referred to as NYSE:ARR or ARR-N
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0 stock analysts on Stockchase covered Armour Residential REIT In the last year. It is a trending stock that is worth watching.
On 2024-11-21, Armour Residential REIT (ARR-N) stock closed at a price of $18.7.
Around 14% is pretty typical yield for mortgage REITs. This owns Agency Mortgage REITs, both fixed and adjustable rates. If you look through the results of the capital raise they did recently, it was dilutive, so their book value per share was about $7 which dropped to $6.70-$6.80. He doesn’t like to see this. Core earnings equate to a 12.5% on ROE and their distribution yield is 14%, which tells you they can’t cover their distribution.