Armour Residential REIT slips after launching stock offering

** Shares of Armour Residential REIT ARR.N down 2.1% to $16.44 after hours in wake of equity offering news

** Vero Beach, Florida-based firm commences 18.5 mln share offering

** It intends to use net proceeds to acquire additional mortgage-backed securities and other mortgage-related assets issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association (Ginnie Mae)

** Goldman Sachs sole bookrunner for the offering

** ARR has ~91.59 mln shares outstanding for $1.5 bln market cap

** Shares of ARR closed flat at $16.80 on Tues, down 11% YTD

** 1 of 6 analysts rates ARR "strong buy", 5 rate "hold" and median PT is $18, per LSEG data