ARMOUR Residential REIT (ARR) : The most positive equity analysts on ARMOUR Residential REIT (ARR) expects the shares to touch $24, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $21.39 with an expected fluctuation of $1.97 from the mean.
ARMOUR Residential REIT (ARR) : 4 analysts are covering ARMOUR Residential REIT (ARR) and their average rating on the stock is 3.75, which is read as a Sell. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on ARMOUR Residential REIT (NYSE:ARR). The current rating of the shares is Underweight, according to the research report released by the firm. The brokerage firm raises the price target from $18 per share to $21 per share. The rating by the firm was issued on August 4, 2016.
ARMOUR Residential REIT (NYSE:ARR): The stock opened at $22.23 on Thursday but the bulls could not build on the opening and the stock topped out at $22.23 for the day. The stock traded down to $21.91 during the day, due to lack of any buying support eventually closed down at $22.21 with a loss of -0.13% for the day. The stock had closed at $22.24 on the previous day. The total traded volume was 283,901 shares.
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.