ARMOUR Residential REIT with ticker code (ARR) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 8 and 6 calculating the mean target price we have 7. Now with the previous closing price of 7.18 this is indicating there is a potential downside of -2.5%. The day 50 moving average is 7.12 and the 200 day moving average is 8.74. The company has a market cap of $787m. Company Website: https://www.armourreit.com
The potential market cap would be $768m 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. ARMOUR Residential REIT was incorporated in 2008 and is based in Vero Beach, Florida.
