Apollo Residential Mortgage Inc (AMTG) is Downgraded by JP Morgan to Neutral

Apollo Residential Mortgage Inc (AMTG) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Apollo Residential Mortgage Inc. Apollo Residential Mortgage Inc was Downgraded by Credit Suisse to ” Neutral” on Feb 26, 2016.

On the company’s financial health, Apollo Residential Mortgage Inc reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 5, 2015. Analyst had a consensus of $0.52. The company had revenue of $32.80 million for the quarter, compared to analysts expectations of $27.47 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Apollo Residential Mortgage Inc opened for trading at $13.59 and hit $13.75 on the upside on Monday, eventually ending the session at $13.68, with a gain of 0.51% or 0.07 points. The heightened volatility saw the trading volume jump to 2,42,814 shares. Company has a market cap of $436 M.

In a different news, on Aug 24, 2015, Frederick N Khedouri (director) purchased 2,567 shares at $14.07 per share price.

Apollo Residential Mortgage Inc. (AMTG) is a holding company that conducts its business primarily through ARM Operating LLC and other operating subsidiaries. The Company is primarily engaged in the business of investing on a leveraged basis in residential mortgage assets in the United States. Its principal objective is to provide risk-adjusted returns from its assets to its stockholders over the long term primarily through dividend distributions and secondarily through capital appreciation. The Company holds investments in agency residential mortgage-backed securities (RMBS) including Agency pass-through RMBS (whose underlying collateral primarily consists of 30 year fixed-rate mortgages) Agency Inverse Floaters Agency interest-only (IO) Agency Inverse IO non-agency RMBS securitized mortgage loans other mortgage-related securities mortgage loans and other real estate related investments. The Company is managed and advised by ARM Manager LLC.

Apollo Residential Mortgage Inc

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