gorodenkoff We last covered ARMOUR Residential REIT, Inc. (NYSE:ARR) a year ago, stating that it would benefit from favorable spreads and lower prepayment rates. Although the mortgage REIT (mREIT) delivered solid dividends in the past year, its price performance was sub-optimal. Latest ARR Rating (Seeking Alpha) With Armour's year-over-year performance and our previous rating in mind, I decided to update our thesis. Moreover, a changing mortgage rate environment and shifts in Armour Residential's fundam ...