ARMOUR Residential REIT – Consensus Indicates Potential -8.7% Downside

Broker Ratings

ARMOUR Residential REIT with ticker code (ARR) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 6 and 5 calculating the mean target price we have 5.58. With the stocks previous close at 6.11 this would imply there is a potential downside of -8.7%. The day 50 moving average is 5.85 while the 200 day moving average is 6.51. The market cap for the company is $1,012m. Company Website:

The potential market cap would be $924m based on the market concensus.

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ARMOUR Residential REIT invests in residential mortgage-backed securities (MBS) in the United States. The company’s securities portfolio primarily consists of the United States Government-sponsored entity’s (GSE) and the Government National Mortgage Administration’s issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. It also invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. The company has elected to be taxed as a real estate investment trust under the Internal Revenue Code. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ARMOUR Residential REIT was incorporated in 2008 and is based in Vero Beach, Florida.

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