Jones Trading Upgrades ARMOUR Residential (ARR) to Buy, Suggests Shares are Discounted Compared to Rivals

ARMOUR Residential REIT, Inc. (NYSE:ARR) ranks among the most undervalued REIT stocks to buy right now. On January 16, Jones Trading raised ARMOUR Residential REIT, Inc. (NYSE:ARR) from Hold to Buy, with a $20.50 price target. The upward revision was based on a predicted growth in book value, which Jones Trading believes suggests that the shares are discounted when compared to agency rivals. The firm expects that ARMOUR’s book value will reach $19.50 per share by January 15, a rise from $17.49 on Septemb ...