Zacks Investment Research upgraded ARMOUR Residential REIT, Inc. (NYSE:ARR) to Hold in a report released today.
- Updated: October 11, 2016
Yesterday ARMOUR Residential REIT, Inc. (NYSE:ARR) traded -0.14% lower at $21.85. The company’s 50-day moving average is $22.26 and its 200-day moving average is $21.10. The last stock close price is up 4.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 327,297 shares of the stock were exchanged, down from an average trading volume of 392,018
Zacks Investment Research has upgraded ARMOUR Residential REIT, Inc. (NYSE:ARR) to Hold in a report released on 10/11/2016.
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ARMOUR Residential REIT, Inc. has a 52 week low of $16.61 and a 52 week high of $23.23 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $18.82 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 3 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About ARMOUR Residential REIT, Inc. (NYSE:ARR)
ARMOUR Residential REIT, Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities issued or guaranteed by the United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities). It also may invest in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency (collectively, Non-Agency Securities). The Company's securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is externally managed by ARMOUR Capital Management LP.
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