ARMOUR Residential REIT (ARR) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ARMOUR Residential REIT (ARR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Sell with a rating of 3.75.
ARMOUR Residential REIT (ARR) : The highest short term price target forecast on ARMOUR Residential REIT (ARR) is $24 and the lowest target price is $19. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $21.39 with a standard deviation of $1.97.
The shares have received a consensus rating of Sell for the current week ARMOUR Residential REIT (NYSE:ARR): The stock opened at $22.69 on Thursday but the bulls could not build on the opening and the stock topped out at $22.74 for the day. The stock traded down to $22.33 during the day, due to lack of any buying support eventually closed down at $22.37 with a loss of -1.32% for the day. The stock had closed at $22.67 on the previous day. The total traded volume was 566,583 shares.
In a related news, Mountain James R, CFO of Armour Residential Reit, Inc., had purchased 2,000 shares on May 4, 2016. The total value of the transaction was $39,900. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.