Apollo Residential Mortgage Inc (NYSE:AMTG) had declared a cash dividend of $0.4800 on Jun 16, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed for Jun 30, 2016. On Jun 16, 2016 share price, the yield comes out to be 14.1489%. The dividend payable date has been fixed on Jul 29, 2016.
In a different note, On Apr 21, 2016, JP Morgan said it Downgrades its rating on Apollo Residential Mortgage Inc. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Neutral’ by the firm.
Apollo Residential Mortgage Inc (AMTG) made into the market gainers list on Tuesdays trading session with the shares advancing 0.15% or 0.02 points. Due to strong positive momentum, the stock ended at $13.56, which is also near the day’s high of $13.62. The stock began the session at $13.52 and the volume stood at 1,54,900 shares. The 52-week high of the shares is $16.09 and the 52 week low is $9.57. The company has a current market capitalization of $432 M and it has 3,18,94,717 shares in outstanding.
Apollo Residential Mortgage Inc(AMTG) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $26.18M. Analysts had an estimated revenue of $31.00M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.47.
Several Insider Transactions has been reported to the SEC. 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.