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 and has a mean target at 5.58. Now with the previous closing price of 5.7 this indicates there is a potential downside of -2.1%. The 50 day moving average now sits at 5.95 and the 200 day MA is 6.36. The company has a market capitalisation of $1,083m. Company Website: https://www.armourreit.com
The potential market cap would be $1,061m based on the market concensus.
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. The company was incorporated in 2008 and is based in Vero Beach, Florida.
