ARMOUR Residential REIT (ARR) : Traders are bullish on ARMOUR Residential REIT (ARR) as it has outperformed the S&P 500 by a wide margin of 4.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.23% in the last 1 week, and is up 3.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 1% and the fifty day Moving Average is 5.22%. ARMOUR Residential REIT, Inc. is up 14.69% in the last three month period. Year-to-Date the stock performance stands at 1.52%.
ARMOUR Residential REIT (ARR) : 4 Wall Street analysts covering ARMOUR Residential REIT (ARR) believe that the average level the stock could reach for the short term is $21.39. The maximum price target given is $24 and the minimum target for short term is around $19, hence the standard deviation is calculated at $1.97.
ARMOUR Residential REIT (NYSE:ARR): On Fridays trading session , Opening price of the stock was $22.5 with an intraday high of $22.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.02. However, the stock managed to close at $22.09, a loss of 1.52% for the day. On the previous day, the stock had closed at $22.43. The total traded volume of the day was 356,174 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.