Analyst Price Target is $20.50
▲ +7.70% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for ARMOUR Residential REIT in the last 3 months. The average price target is $20.50, with a high forecast of $21.00 and a low forecast of $20.00. The average price target represents a 7.70% upside from the last price of $19.04.
Current Consensus is
Hold
The current consensus among 3 polled investment analysts is to hold stock in ARMOUR Residential REIT. This Hold consensus rating has held steady for over two years.
ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. Its 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. The company has elected to be taxed as a real estate investment trust. 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 incorporated in 2008 and is based in Vero Beach, Florida.
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