ARR Acquires JMI Mortgage Today Long

ARMOUR Residential REIT, Inc.NYSE

Description

⋅ Mar 2, 2016 4:54 PM

ARR bought out JMI today. This REIT already has a nice Dividend of around 20%. Even if they cut the dividend I think it has room to go up more. I am looking for a price target of around $22.00 Thoughts?