Apollo Investments Recap On Good Quarter

Keefe Bruyette & Woods has published a research report on Apollo Investment Corporation (NASDAQ: AINV) following the company's F2Q11 recap, which reported decent earnings.

In the report, KBW writes "Following Apollo Investment's F2Q11 earnings results, we are raising our F2011 and F2012 NOI/share estimates to $0.96 (from $0.92) and $1.01 (from $0.97), respectively. We are also raising our price target to $13 from $12 and maintaining our OP rating."

Apollo Investment Corporation closed Friday at $11.41.