Today’s Market Runner: Is ARMOUR Residential REIT, Inc.’s Fuel Running Low? The Stock Reaches 52-Week High Today

Today's Market Runner: Is ARMOUR Residential REIT, Inc.'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of ARMOUR Residential REIT, Inc. (NYSE:ARR) hit a new 52-week high and has $32.33 target or 39.00% above today’s $23.26 share price. The 6 months bullish chart indicates low risk for the $862.80M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $32.33 price target is reached, the company will be worth $336.49 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 381,340 shares traded hands or 9.90% up from the average. ARMOUR Residential REIT, Inc. (NYSE:ARR) has risen 5.36% since April 1, 2016 and is uptrending. It has outperformed by 4.15% the S&P500.

Analysts await ARMOUR Residential REIT, Inc. (NYSE:ARR) to report earnings on November, 4. They expect $0.62 EPS, down 44.14% or $0.49 from last year’s $1.11 per share. ARR’s profit will be $23.00 million for 9.38 P/E if the $0.62 EPS becomes a reality. After $0.63 actual EPS reported by ARMOUR Residential REIT, Inc. for the previous quarter, Wall Street now forecasts -1.59% negative EPS growth.

ARMOUR Residential REIT, Inc. (NYSE:ARR) Ratings Coverage

Out of 5 analysts covering Armour Residential REIT Inc (NYSE:ARR), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. $27 is the highest target while $16 is the lowest. The $22.36 average target is -3.87% below today’s ($23.26) stock price. Armour Residential REIT Inc has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, February 24 by Nomura. The firm has “Equal Weight” rating given on Tuesday, November 10 by Barclays Capital. The rating was downgraded by Ladenburg Thalmann on Wednesday, May 4 to “Neutral”. Deutsche Bank maintained it with “Hold” rating and $21.80 target price in Thursday, August 4 report. The stock has “Hold” rating given by Deutsche Bank on Monday, November 9. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, October 13. The rating was downgraded by Zacks on Tuesday, August 18 to “Buy”. The rating was maintained by Barclays Capital with “Underweight” on Thursday, August 4.

According to Zacks Investment Research, “ARMOUR Residential REIT, Inc. invests primarily in residential mortgage-backed securities issued or guaranteed by a United States Government-chartered entity.”

Insitutional Activity: The institutional sentiment Infinity in 2016 Q2. Its in 2016Q1. The ratio [12345], as 0 funds sold all ARMOUR Residential REIT, Inc. shares owned while 0 reduced positions. 0 funds bought stakes while 2 increased positions. They now own 616,370 shares or 75.17% more from 351,870 shares in 2016Q1.
Edge Wealth Ltd Llc accumulated 14,185 shares or 0.14% of the stock. Penn Mutual Life Insurance owns 294,000 shares or 4.25% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 2 buys, and 0 selling transactions for $331,480 net activity. $221,140 worth of ARMOUR Residential REIT, Inc. (NYSE:ARR) shares were bought by Zimmer Jeffrey J. Another trade for 10,000 shares valued at $198,527 was made by ULM SCOTT on Wednesday, May 4. MOUNTAIN JAMES R had bought 2,000 shares worth $39,900 on Wednesday, May 4.

More notable recent ARMOUR Residential REIT, Inc. (NYSE:ARR) news were published by: Prnewswire.com which released: “ARMOUR Residential REIT, Inc. Third Quarter Webcast Scheduled For November 3, 2016” on November 01, 2016, also Globenewswire.com with their article: “ARMOUR Residential REIT, Inc. Announces December 2016 Dividend Rate Per Common …” published on November 03, 2016, Reuters.com published: “BRIEF-Armour Residential REIT reports 2016 Q3 financial results” on November 02, 2016. More interesting news about ARMOUR Residential REIT, Inc. (NYSE:ARR) were released by: Globenewswire.com and their article: “ARMOUR Residential REIT, Inc. Announces November 2016 Dividend Rate Per Common …” published on October 26, 2016 as well as Fool.com‘s news article titled: “Why You Should Stay Away From Armour Residential REIT Inc.’s 15% Dividend Yield” with publication date: November 13, 2014.

ARR Company Profile

ARMOUR Residential REIT, Inc. (ARMOUR), incorporated on February 5, 2008, is an externally managed real estate investment trust (REIT). The Firm 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).

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