ARMOUR Residential REIT (ARR) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ARMOUR Residential REIT (ARR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Sell with a rating of 3.75.
ARMOUR Residential REIT (ARR) stock is expected to deviate a maximum of $1.97 from the average target price of $21.39 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $19.
Shares of ARMOUR Residential REIT, Inc. rose by 2.18% in the last five trading days and 6.8% for the last 4 weeks. ARMOUR Residential REIT, Inc. is up 16.81% in the last 3-month period. Year-to-Date the stock performance stands at 3.17%. ARMOUR Residential REIT (NYSE:ARR): stock turned positive on Tuesday. Though the stock opened at $22.46, the bulls momentum made the stock top out at $22.64 level for the day. The stock recorded a low of $22.39 and closed the trading day at $22.45, in the green by 0.54%. The total traded volume for the day was 373,695. The stock had closed at $22.33 in the previous days trading.
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.