Barclays analyst Mark Devries maintained a Sell rating on ARMOUR Residential REIT Inc (ARR) yesterday and set a price target of $19. The company’s shares closed on Friday at $21.05.
According to TipRanks.com, Devries is a 3-star analyst with an average return of 1.5% and a 60.1% success rate. Devries covers the Financial sector, focusing on stocks such as First American Financial Corporation, Discover Financial Services, and Fidelity National Financial.
ARMOUR Residential REIT Inc has an analyst consensus of Moderate Sell, with a price target consensus of $19.
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The company has a one-year high of $24.07 and a one-year low of $19.75. Currently, ARMOUR Residential REIT Inc has an average volume of 828.2K.
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ARMOUR Residential REIT, Inc. operates as a real estate investment trust, which engages in the business of investing in fixed rate, hybrid adjustable rate and adjustable rate residential mortgage backed securities. It also invests in residential mortgage backed securities issued or guaranteed by a United States government-sponsored entity such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or guaranteed by the Government National Mortgage Administration. The company was founded on February 5, 2008 and is headquartered in Vero Beach, FL.
