ARMOUR Residential REIT with ticker code (ARR) have now 3 confirmed 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 with the average target price sitting at $5.58. Given that the stocks previous close was at $5.20 and the analysts are correct then there would likely be a percentage uptick in value of 7.3%. The 50 day MA is $5.29 and the 200 moving average now moves to $5.97. The company has a market cap of $989m. Company Website: https://www.armourreit.com
The potential market cap would be $1,062m based on the market consensus.
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.
The company has a dividend yield of 18.68% with the ex dividend date set at 14-4-2023 (DMY).
