ARMOUR Residential REIT, Inc. with ticker code (ARR) now have 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 6 and 5 calculating the mean target price we have $5.58. Given that the stocks previous close was at $5.17 this would imply there is now a potential upside of 7.9%. There is a 50 day moving average of $5.42 and the 200 day moving average is $6.02. The company has a market capitalization of $987m. Visit the company website at: https://www.armourreit.com
The potential market cap would be $1,066m based on the market consensus.
ARMOUR Residential REIT, Inc. 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.
The company has a dividend yield of 18.29% with the ex dividend date set at 14-4-2023 (DMY).
