Apollo Residential Mortgage Inc. Reaches New 12-Month Low at $14.27 (AMTG)
Apollo Residential Mortgage (NASDAQ:AMTG) set a new 52-week low during trading on Wednesday, AnalystRatings.Net reports. The stock traded as low as $14.27 and last traded at $14.34, with a volume of 386,022 shares. The stock had previously closed at $14.58.
A number of analysts have recently weighed in on AMTG shares. Analysts at Zacks downgraded shares of Apollo Residential Mortgage (NASDAQ:AMTG) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 10th. They now have a $14.50 price target on the stock. Separately, analysts at Compass Point cut their price target on shares of Apollo Residential Mortgage (NASDAQ:AMTG) from $24.50 to $18.50 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock.
Apollo Residential Mortgage has a one year low of $14.30 and a one year high of $23.11. The stock’s 50-day moving average is $15.26 and its 200-day moving average is $18.15. The company has a market cap of $459.7 million and a P/E ratio of 8.38.
Apollo Residential Mortgage (NASDAQ:AMTG) last announced its earnings results on Wednesday, August 7th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.68 by $0.09. On average, analysts predict that Apollo Residential Mortgage will post $2.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.15%. The ex-dividend date is Thursday, September 26th.
Apollo Residential Mortgage, Inc is a holding company, which conducts its business primarily through ARM Operating, LLC and its other operating subsidiaries.
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