ARR price target predicted to rise nearly $6.50 in 12 months


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ARMOUR Residential REIT Inc. shares valued at $194,313 were sold by Zimmer Jeffrey J on Dec 22. At $5.82 per share, Zimmer Jeffrey J sold 33,378 shares. The insider’s holdings dropped to 193,476 shares worth approximately $0.89 million following the completion of this transaction.

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Analyzing ARR Stock Performance

On Thursday, ARMOUR Residential REIT Inc. [NYSE: ARR] plunged -3.16% to $4.59. The stock’s lowest price that day was $4.50, but it reached a high of $4.76 in the same session. During the last five days, there has been a drop of approximately -6.33%. Over the course of the year, ARMOUR Residential REIT Inc. shares have dropped approximately -18.47%. Shares of the company reached a 52-week high of $6.68 on 02/02/23 and a 52-week low of $4.50 on 05/25/23. A 50-day SMA is recorded $5.03, while a 200-day SMA reached $5.69. Nevertheless, trading volume fell to 8.68 million shares from 0.7 million shares the previous day.

Support And Resistance Levels for ARMOUR Residential REIT Inc. (ARR)

According to the 24-hour chart, there is a support level at 4.47, which, if violated, would cause prices to drop to 4.36. In the upper region, resistance lies at 4.73. The next price resistance is at 4.88. RSI (Relative Strength Index) is 31.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 86.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is ARMOUR Residential REIT Inc. subject to short interest?

Stocks of ARMOUR Residential REIT Inc. saw a sharp rise in short interest on May 14, 2023 jumping by 0.75 million shares to 19.15 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 18.4 million shares. A jump of 3.92% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.21 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.21.

Which companies own the most shares of ARMOUR Residential REIT Inc. (ARR)?

According to BlackRock Fund Advisors filings, the company currently owns 27,523,698 shares, which is about 14.08% of the total ARR shares outstanding. The investor’s shares have appreciated by 5,165,632 from its previous 13-F filing of 22358066.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $102,264,930. SSgA Funds Management, Inc. acquire a 29.14% interest valued at $28.6 million while Invesco Capital Management LLC purchased a 17,138 stake. A total of 476,709 shares of ARMOUR Residential REIT Inc. were bought by Geode Capital Management LLC during the quarter, and 3,010,894 by Jupiter Asset Management Ltd. In its current portfolio, Northern Trust Investments, Inc. holds 1,655,593 shares valued at $8.44 million.

In terms of ARMOUR Residential REIT Inc. share price expectations, FactSet research, analysts set an average price target of $6.50 in the next 12 months, up nearly 16.03% from the previous closing price of $4.74. Analysts anticipate ARMOUR Residential REIT Inc. stock to reach $10.00 by 2023, with the lowest price target being $5.00. In spite of this, 6 analysts ranked ARMOUR Residential REIT Inc. stock as a Hold at the end of 2023.


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