ARMOUR Residential REIT (ARR) has an average broker rating of 3.75, which is interpreted as a Sell, as rated by 4 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
ARMOUR Residential REIT (ARR) : Average target price received by ARMOUR Residential REIT (ARR) is $20.44 with an expected standard deviation of $2.54. The most aggressive target on the stock is $24, whereas the most downbeat target is $18. 4 financial analysts are currently covering the stock.
The shares have received a consensus rating of Sell for the current week
ARMOUR Residential REIT (NYSE:ARR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.68 and $21.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.55, notching a gain of 3.96% for the day. The total traded volume was 887,232 . The stock had closed at $21.69 on the previous day.
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.