For the Q3 2026 reporting period, analysts expect ARMOUR Residential REIT to post revenue of $119.84 million and an EPS of $0.73, with the stock currently priced at $12.88 against a $16.56 average price target. The primary focus for investors is the preservation of book value per share, which has come under significant pressure due to widening mortgage spreads and sharp interest rate moves in late September.
Concerns regarding book value erosion follow a period of intense market volatility where Treasury yields surged, forcing the mortgage REIT to manage high leverage and liquidity risks. While the company has maintained its monthly dividend of $0.24, investors are closely monitoring distributable earnings to evaluate the long-term sustainability of its 22% annualized yield.