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 10.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.39%, 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 7.85% in the last 1 week, and is up 13.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
ARMOUR Residential REIT (NYSE:ARR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.58 and $22.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.95, notching a gain of 2.09% for the day. The total traded volume was 592,231 . The stock had closed at $22.48 on the previous day.
The stock has recorded a 20-day Moving Average of 9.13% and the 50-Day Moving Average is 13.94%. ARMOUR Residential REIT, Inc. is up 13.5% in the last 3-month period. Year-to-Date the stock performance stands at 5.47%.
ARMOUR Residential REIT (ARR) : The consensus price target for ARMOUR Residential REIT (ARR) is $21.19 for the short term with a standard deviation of $1.95. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $24, however, the pessimist price target for the company is $19.
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.