ARMOUR Residential REIT (ARR) : The consensus on ARMOUR Residential REIT (ARR) based on 4 analyst recommendation on the company stock is 3.75, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on ARMOUR Residential REIT (ARR).
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 $17 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $19.94 with an expected fluctuation of $3.06 from the mean.
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 $20.17 and $20.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.37, notching a gain of 0.94% for the day. The total traded volume was 420,979 . The stock had closed at $20.18 on the previous day.
Also, Ladenburg Thalmann downgrades its rating on ARMOUR Residential REIT (NYSE:ARR). Analysts at the Ladenburg Thalmann have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 4, 2016. The company shares have dropped -13.02% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $23.52 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.46 and the 200 Day Moving Average price is recorded at $20.16.
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.