Apollo Residential Mortgage (NASDAQ: AMTG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $16.50 price objective on the stock. Zacks‘ target price would suggest a potential upside of 4.70% from the stock’s previous close.
Apollo Residential Mortgage (NASDAQ: AMTG) traded up 2.28% on Tuesday, hitting $16.12. Apollo Residential Mortgage has a 1-year low of $14.40 and a 1-year high of $23.59. The stock’s 50-day moving average is currently $17.15. The company has a market cap of $516.4 million and a price-to-earnings ratio of 2.52.
Apollo Residential Mortgage (NASDAQ: AMTG) last announced its earnings results on Tuesday, May 7th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.07. The company had revenue of $32.03 million for the quarter, compared to the consensus estimate of $26.26 million. The company’s quarterly revenue was up 191.1% on a year-over-year basis. On average, analysts predict that Apollo Residential Mortgage will post $2.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 17.77%. The ex-dividend date of this dividend is Wednesday, June 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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