ARMOUR Residential REIT found using ticker (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 11 and 9 with the average target price sitting at 10. Given that the stocks previous close was at 9.13 this would indicate that there is a potential upside of 9.5%. There is a 50 day moving average of 9.73 while the 200 day moving average is 10.78. The company has a market cap of $817m. Find out more information at: https://www.armourreit.com
The potential market cap would be $895m 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; 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.
