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ARMOUR Residential REIT, Inc. Message Board

  • su_dongpo su_dongpo Feb 15, 2013 4:33 PM Flag

    Somewhat supportive comment from B of A even after a downgrade.

    ...ARR will likely continue to generate an attractive dividend yield at 12%, supporting a Neutral rating, though we see little upside in the shares. Specifically, prepayments rose to 19.1% CPR at the end of '12 from 11.6% in October '12, likely driven by seasoning, and we expect elevated prepayments to remain with '13 EPS closer to $0.95 versus the $1.05 consensus. That said, ARR's valuation seems reasonable at 0.90x of Q3'12 stated BV with an expected yield of 12%, suggesting it remains a decent yield stock for the foreseeable future.”

20.01-0.04(-0.20%)May 4 4:00 PMEDT