▼ -17.23% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for ARMOUR Residential REIT in the last 3 months. The average price target is $9.83, with a high forecast of $12.00 and a low forecast of $8.00. The average price target represents a -17.23% upside from the last price of $11.88.
The current consensus among 4 investment analysts is to hold stock in ARMOUR Residential REIT. This rating has held steady since March 2019, when it changed from a Sell consensus rating.
ARMOUR Residential REIT, Inc. 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; and 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. ARMOUR Residential REIT, Inc. was founded in 2008 and is based in Vero Beach, Florida.