Armour Residential REIT (ARR - Free Report) closed the most recent trading day at $21.18, moving +1.73% from the previous trading session. This change lagged the S&P 500's 3.43% gain on the day. At the same time, the Dow added 3.29%, and the tech-heavy Nasdaq gained 4.26%.
Prior to today's trading, shares of the real estate investment trust had lost 5.54% over the past month. This has was narrower than the Finance sector's loss of 10.39% and the S&P 500's loss of 12.15% 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.
It is also important to note the recent changes to analyst estimates for ARR. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. ARR is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ARR has a Forward P/E ratio of 8.29 right now. For comparison, its industry has an average Forward P/E of 8.82, 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 59, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.