In the latest trading session, Armour Residential REIT (ARR) closed at $21.88, marking a -0.95% move from the previous day. This change was narrower than the S&P 500's daily loss of 3.24%. Meanwhile, the Dow lost 3.1%, and the Nasdaq, a tech-heavy index, lost 3.8%.
Heading into today, shares of the real estate investment trust had lost 0.09% over the past month, lagging the Finance sector's gain of 2.45% and the S&P 500's gain of 2.73% in that time.
Investors will be hoping for strength from ARR as it approaches its next earnings release, which is expected to be February 13, 2019.
Any recent changes to analyst estimates for ARR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ARR is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, ARR is holding a Forward P/E ratio of 8.5. For comparison, its industry has an average Forward P/E of 9.27, which means ARR is trading at a discount to the group.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ARMOUR Residential REIT, Inc. (ARR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research