ARMOUR Residential REIT with ticker code (ARR) now have 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 13 and 10 with the average target price sitting at 11.06. Now with the previous closing price of 10.74 this would imply there is a potential upside of 3.0%. The 50 day moving average now sits at 10.68 and the 200 moving average now moves to 11.54. The market capitalisation for the company is $897m. Find out more information at: http://www.armourreit.com
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; and 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 founded in 2008 and is based in Vero Beach, Florida.
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