Dueling opinions on Armour Residential

|By:, SA News Editor

There's another Buy rating in the mREIT sector from Compass Point, with the firm upping Armour Residential (ARR +0.7%) to Buy with $5 price target. Earlier, the research firm raised Western Mortgage to Buy, and initiated a number of other non-agency players at Buy.

Armour Residential is notable among this group for being the only pure-agency mREIT.

Sandler O'Neill sees Armour differently, downgrading to Sell.

The bond market continues to have a big day with the 10-year yield off 8 basis points to 2.82%.