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Apollo Residential Mortgage Inc (AMTG) [hlAlert]

down 37.40 %

Apollo Residential Mortgage Inc (AMTG) rated Overweight by JP Morgan

Posted on: Tuesday,  Apr 9, 2013  8:25 AM ET by JP Morgan

JP Morgan rated Overweight Apollo Residential Mortgage Inc (NYSE: AMTG) on 04/09/2013, when the stock price was $22.27.
Since then, Apollo Residential Mortgage Inc has lost 37.40% as of 12/31/2015's recent price of $13.94.
If you would have followed this JP Morgan's recommendation on AMTG, you would have lost 37.4% of your investment in 996 days.

Apollo Residential Mortgage, Inc. is residential real estate finance company that has been formed primarily to invest in, finance and manage mortgage-backed securities (MBS), residential mortgage loans and other residential mortgage assets in the United States. The Company is focused on constructing a portfolio of assets that is consists of a range of residential mortgage assets, including government agency MBS referred to as Agency MBS, non-Agency MBS, residential mortgage loans and other residential mortgage assets. The Company will be externally managed and advised by ARM Manager, LLC, an indirect subsidiary of Apollo Global Management, LLC. The Company is focused on acquiring and managing a portfolio of Agency MBS, which include single-family residential mortgage pass-through securities and collateralized mortgage obligation (CMOs) that a government sponsored enterprise, such as Ginnie Mae, Fannie Mae or Freddie Mac guarantees payments of principal and interest on the securities.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/9/2013 8:25 AM Buy
as of 12/13/2013
1 Week up  2.25 %
1 Month down  -0.13 %
3 Months down  -4.89 %
1 YTD down  -32.86 %

(*) Stock Price at the time of the recommendation.
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