ARMOUR Residential REIT. which can be found using ticker (ARR) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 6 and 5 calculating the mean target price we have $5.58. Now with the previous closing price of $5.02 this is indicating there is a potential upside of 11.2%. It’s also worth noting that there is a 50 day moving average of $5.78 and the 200 day MA is $6.19. The company has a market cap of $968m. Company Website: https://www.armourreit.com
The potential market cap would be $1,076m 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 19.12% with the ex dividend date set at 14-3-2023 (DMY).
