ARMOUR Residential REIT (NYSE:ARR) recently saw its stock price cross above its 200-day moving average, a bullish technical indicator. Despite a generous monthly dividend yield of 16.3%, concerns exist regarding its sustainability due to an unusually high 7,200% payout ratio. Analyst consensus is “Hold” with a modest price target, and recent insider selling has also been noted.
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ARMOUR Residential REIT (NYSE:ARR) Stock Crosses Above 200-Day Moving Average - Here's Why
ARMOUR Residential REIT (NYSE:ARR) recently saw its stock price cross above its 200-day moving average, a bullish technical indicator. Despite a generous monthly dividend yield of 16.3%, concerns exist regarding its sustainability due to an unusually high 7,200% payout ratio. Analyst consensus is “Hold” with a modest price target, and recent insider selling has also been noted.