Price Don’t Lie: Is Buying ARMOUR Residential REIT, Inc. Here a Winning Strategy?

Price Don't Lie: Is Buying ARMOUR Residential REIT, Inc. Here a Winning Strategy?

The stock of ARMOUR Residential REIT, Inc. (NYSE:ARR) hit a new 52-week high and has $30.79 target or 33.00% above today’s $23.15 share price. The 8 months bullish chart indicates low risk for the $857.30M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $30.79 price target is reached, the company will be worth $282.91 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 226,892 shares traded hands. ARMOUR Residential REIT, Inc. (NYSE:ARR) has risen 7.00% since April 7, 2016 and is uptrending. It has outperformed by 2.22% the S&P500.

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

Out of 5 analysts covering Armour Residential REIT Inc (NYSE:ARR), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. $27 is the highest target while $16 is the lowest. The $22.36 average target is -3.41% below today’s ($23.15) stock price. Armour Residential REIT Inc has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, August 18 by Zacks. Barclays Capital maintained the shares of ARR in a report on Thursday, August 4 with “Underweight” rating. Barclays Capital maintained ARMOUR Residential REIT, Inc. (NYSE:ARR) on Tuesday, October 13 with “Equal-Weight” rating. The stock has “Neutral” rating given by Nomura on Wednesday, November 9. The firm earned “Hold” rating on Thursday, August 4 by Deutsche Bank. The rating was downgraded by Nomura to “Reduce” on Wednesday, February 24. The stock has “Hold” rating given by Deutsche Bank on Monday, November 9. The stock has “Equal Weight” rating given by Barclays Capital on Tuesday, November 10. As per Wednesday, May 4, the company rating was downgraded by Ladenburg Thalmann.

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 Q2 2016. 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 Mgmt Limited Liability Corporation has invested 0.14% of its portfolio in ARMOUR Residential REIT, Inc. (NYSE:ARR). Penn Mutual Life Insurance Comm holds 4.25% of its portfolio in ARMOUR Residential REIT, Inc. (NYSE:ARR) for 294,000 shares.

Insider Transactions: Since August 22, 2016, the stock had 2 buys, and 0 selling transactions for $331,480 net activity. The insider ULM SCOTT bought 5,000 shares worth $110,340. Another trade for 10,000 shares valued at $221,140 was bought by Zimmer Jeffrey J.

More notable recent ARMOUR Residential REIT, Inc. (NYSE:ARR) news were published by: Globenewswire.com which released: “ARMOUR Residential REIT, Inc. Reports Financial Results for the Quarter Ended …” on November 02, 2016, also Globenewswire.com with their article: “ARMOUR Residential REIT, Inc. Announces November 2016 Dividend Rate Per Common …” published on October 26, 2016, Fool.com published: “Why You Should Stay Away From Armour Residential REIT Inc.’s 15% Dividend Yield” on November 13, 2014. More interesting news about ARMOUR Residential REIT, Inc. (NYSE:ARR) were released by: Globenewswire.com and their article: “ARMOUR Residential REIT, Inc. Announces Expected Increased Common Stock …” published on June 18, 2015 as well as Fool.com‘s news article titled: “Digital Realty Trust Inc. or ARMOUR Residential REIT, Inc.: Which REIT Is …” with publication date: December 20, 2015.

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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