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Apollo Residential Mortgage (NASDAQ:AMTG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $19.00 target price on the stock. Zacks‘s target price points to a potential upside of 14.94% from the company’s current price.

Apollo Residential Mortgage (NASDAQ:AMTG) traded up 0.30% on Wednesday, hitting $16.53. 131,357 shares of the company’s stock traded hands. Apollo Residential Mortgage has a 1-year low of $14.24 and a 1-year high of $17.50. The stock has a 50-day moving average of $16.72 and a 200-day moving average of $16.29. The company’s market cap is $529.8 million.

Apollo Residential Mortgage (NASDAQ:AMTG) last released its earnings data on Tuesday, May 6th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.02. During the same quarter in the prior year, the company posted $0.74 earnings per share. On average, analysts predict that Apollo Residential Mortgage will post $2.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Monday, June 30th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 10.16%. The ex-dividend date is Thursday, June 26th. This is an increase from Apollo Residential Mortgage’s previous quarterly dividend of $0.40.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apollo Residential Mortgage in a research note on Thursday, June 12th. They now have a $18.50 price target on the stock, up previously from $17.50. Separately, analysts at Credit Suisse raised their price target on shares of Apollo Residential Mortgage from $17.00 to $18.00 in a research note on Tuesday, May 27th. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Apollo Residential Mortgage from $18.00 to $18.50 in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $18.80.

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 Zacks’ official website.

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