ARMOUR Residential REIT (ARR)
Invests in leveraged Agency mortgage securities to earn net interest income.
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Invests mainly in Agency residential mortgage-backed securities, with smaller Treasury and TBA positions, and earns net interest income from leveraged spreads over funding and hedging costs. An external manager runs the portfolio, which centers on U.S. housing finance and depends on repurchase funding, interest rates, mortgage spreads, prepayments, and REIT qualification.
Invests primarily in fixed-rate residential mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae, alongside U.S. Treasury securities and forward-settling TBA Agency positions. The portfolio is concentrated in U.S. housing finance and earns net interest income from the spread between asset yields and the cost of financing and hedging.
Uses repurchase agreements to finance most mortgage assets and derivatives to moderate interest-rate and mortgage-price exposure. ARMOUR Capital Management selects securities and manages funding, hedging, and liquidity under board oversight through an external-management structure. Agency guarantees limit underlying credit exposure, but asset values and income remain tied to mortgage spreads, interest rates, borrower prepayments, collateral demands, short-term funding access, and continued REIT qualification.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 4, 2026 | RBC Capital | Target | Target: — | Target: $13 |
| Jun 4, 2026 | BTIG | Target | Target: — | Target: $14 |
| Apr 24, 2026 | UBS | Reiterate | Rating: —Target: $16 | Target: $18 |
| Jan 16, 2026 | Jones Trading | Upgrade | ||
| Dec 15, 2025 | Compass Point | Target | Target: — | Target: $18.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $83.7M · Total debt $19.44B · Total assets $22.75B · Shareholders' equity $2.58B
- Revenue
- $210.8M
- Operating income
- $301.9M
- Net income
- $114.8M
HistoryDividendAnnual yield
| Institutions | 65.34% | 76.03M shares | |
|---|---|---|---|
| 258 holders · as of Jun 30, 2026 | |||
| Insiders | 0.22% | 252.9K shares | |
| 10 holders · as of Aug 25, 2026 | |||
| Other | 34.44% | 40.08M shares | |
| remainder | |||
116.36M company shares as of Aug 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (141.55M in the company's Sep 23, 2026 report, 116.36M elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 17.17% | 19.97M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.11% | 7.11M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.81% | 5.59M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.08% | 4.75M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.77% | 3.22M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | Daniel C. Staton | director, officer: Chairman of the Board | −35,583 | $15.86 |
| Jan 6, 2026 | Robert C. Hain | director | −6,833 | $18.06 |
- AGNC
Pure-play Agency MBS scale and TBA overlap
- Annaly Capital Management
Large mREIT overlap across Agency MBS, MSR, and residential credit
- Dynex Capital
Agency RMBS-focused mREIT overlap in leverage, hedging, and capital
- Orchid Island Capital
Externally managed Agency RMBS peer with monthly-dividend overlap
- Invesco Mortgage Capital
Invesco-managed mREIT overlap in Agency RMBS and hybrid credit
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ARMOUR Residential REIT | $14.73 | −1.77% | $1.74B | 4.0 | 5.1 | 1.7 | −41.6% |
| AGNC | $9.94 | −1.49% | $11.58B | 5.1 | 6.5 | 3.8 | — |
| Annaly Capital Management | $21.14 | −1.39% | $16.16B | 5.4 | 6.8 | 2.2 | −50.1% |
| Dynex Capital | $11.82 | −2.30% | $2.99B | 4.6 | 7.5 | 3.4 | — |
| Orchid Island Capital | $6.00 | −2.04% | $1.06B | 4.1 | 5.5 | 2.0 | −28.9% |
| Invesco Mortgage Capital | $6.51 | −1.74% | $614.5M | 4.1 | 3.6 | 2.0 | −43.7% |
| Median | 4.6 | 6.5 | 2.2 | −43.7% |