Armour Residential REIT Upgraded to Buy by Compass Point (ARR)
Armour Residential REIT (NYSE:ARR) was upgraded by research analysts at Compass Point from a “neutral” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Armour Residential REIT (NYSE:ARR) opened at 4.04 on Monday. Armour Residential REIT has a one year low of $3.74 and a one year high of $7.71. The stock’s 50-day moving average is $4.22 and its 200-day moving average is $5.31.
Armour Residential REIT (NYSE:ARR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.02. On average, analysts predict that Armour Residential REIT will post $0.70 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ARR. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Armour Residential REIT (NYSE:ARR) in a research note to investors on Monday, August 19th. They now have a $5.00 price target on the stock. Separately, analysts at Barclays Capital cut their price target on shares of Armour Residential REIT (NYSE:ARR) from $5.50 to $5.00 in a research note to investors on Monday, August 19th. They now have an “equal weight” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Armour Residential REIT (NYSE:ARR) from $7.00 to $5.00 in a research note to investors on Monday, August 5th.
One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.30.
ARMOUR Residential REIT, Inc(NYSE:ARR) is an externally-managed Maryland corporation managed by ARMOUR Residential REIT, Inc The Company invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities (RMBS).
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