B. Riley has reduced its price target for Armour Residential REIT (ARR, Financial) from $21 to $18, maintaining a Neutral rating on the stock. The adjustment reflects anticipated slower activity in loan origination and investment across its mortgage finance coverage during the first quarter, prompting a downward revision of its earnings projections.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for ARMOUR Residential REIT Inc (ARR, Financial) is $18.33 with a high estimate of $21.00 and a low estimate of $14.00. The average target implies an upside of 32.95% from the current price of $13.79. More detailed estimate data can be found on the ARMOUR Residential REIT Inc (ARR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, ARMOUR Residential REIT Inc's (ARR, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.