Zacks Upgrades Apollo Residential Mortgage to Neutral (AMTG)
Apollo Residential Mortgage (NASDAQ:AMTG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, Analyst Ratings Network reports. The firm currently has a $15.00 price target on the stock. Zacks‘ price target would suggest a potential upside of 2.67% from the company’s current price.
Shares of Apollo Residential Mortgage (NASDAQ:AMTG) traded down 0.34% during mid-day trading on Wednesday, hitting $14.56. The stock had a trading volume of 436,457 shares. Apollo Residential Mortgage has a 52 week low of $14.27 and a 52 week high of $23.11. The stock has a 50-day moving average of $15.14 and a 200-day moving average of $17.86. The company has a market cap of $466.5 million and a P/E ratio of 8.40.
Apollo Residential Mortgage (NASDAQ:AMTG) last released its earnings data on Wednesday, August 7th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.09. Analysts expect that Apollo Residential Mortgage will post $2.32 EPS 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 10.95%. The ex-dividend date is Thursday, September 26th.
Separately, analysts at Compass Point cut their price target on shares of Apollo Residential Mortgage 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, Inc is a holding company, which conducts its business primarily through ARM Operating, LLC and its other operating subsidiaries.
To view Zacks’ full report, visit www.zacks.com
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