ARMOUR Residential REIT (ARR) has risen sharply, recording gains of 4.7% in the past 4 weeks. However, the stock has corrected -1.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.3% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
ARMOUR Residential REIT, Inc. is up 14.85% in the last 3-month period. Year-to-Date the stock performance stands at 1.29%. The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 6.36%.
ARMOUR Residential REIT (NYSE:ARR): The stock opened at $22.05 on Friday but the bulls could not build on the opening and the stock topped out at $22.08 for the day. The stock traded down to $21.94 during the day, due to lack of any buying support eventually closed down at $22.04 with a loss of -0.23% for the day. The stock had closed at $22.09 on the previous day. The total traded volume was 180,797 shares.
Also, Barclays maintains its rating on ARMOUR Residential REIT (NYSE:ARR). The global brokerage major raises the current price target from $18 per share to $21 per share. Analysts at the Barclays have a current rating of Underweight on the shares. The rating by the firm was issued on August 4, 2016.
ARMOUR Residential REIT, Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities. The Companys securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is authorized to invest in Agency Securities and Non-Agency Securities backed by fixed rate, hybrid adjustable rate and adjustable rate home loans, as well as unsecured notes and bonds issued by United States Government-sponsored entity (GSE) Treasuries and money market instruments. The Companys investment securities are issued or guaranteed by the United States Government-sponsored entity, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or guaranteed by the Government National Mortgage Administration (Ginnie Mae). The Company is externally managed by ARMOUR Capital Management LP (ACM), an investment advisor.