In a research report released Wednesday, MLV analyst Rich Eckert reiterated a Hold rating on ARMOUR Residential REIT (NYSE:ARR) and slightly raised the price target to $3.55 (from $3.50), which represents a potential upside of 16% from where the stock is currently trading. The reports follows the company’s last Wednesday earnings, which were a largely in-line with expectations.

Eckert noted, “At current prices, that PT and projected dividends represent a total return potential of 31% (15% price appreciation + 16% yield). Notwithstanding the attractive nature of that potential, we are remaining neutral on ARR shares. Although we are more positive on the name, until we can garner greater conviction that BV has “bottomed”–or at least stabilized–and that the volatility in long-term rates witnessed in the first four months of this year has subsided, we are maintaining our Hold rating.”

According to, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Rich Eckert has a total average return of 4.7% and a 65.5% success rate. Eckert has a -3.0% average return when recommending ARR, and is ranked #1427 out of 3590 analysts.

ARR Chart