UPDATE: J.P. Morgan Upgrades Apollo Residential Mortgage to Overweight on More Balanced Opportunity Set

In a report published Tuesday, J.P. Morgan analyst Richard Shane upgraded the rating on Apollo Residential Mortgage (NYSE: AMTG ) from Neutral to Overweight, and reiterated the $22.00 price target. In the report, Shane noted, “AMTG is a MREIT that invests in both Agency and non-Agency RMBS. The company allocates