Apollo Commercial Real Estate Finance (ARI) Set to Announce Earnings on Wednesday
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) will release its earnings data after the market closes on Wednesday, February 8th. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.35 per share for the quarter. Persons who wish to listen to the company’s earnings conference call can do so using this link.
Apollo Commercial Real Estate Finance Trading Up 2.6%
→ Cash Holders STILL Aren’t Taking Steps to Prepare (From Investor Place Media)
Shares of NYSE ARI opened at $12.17 on Wednesday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 6.47 and a beta of 1.55. Apollo Commercial Real Estate Finance has a 12-month low of $7.91 and a 12-month high of $14.55. The company has a current ratio of 22.02, a quick ratio of 22.02 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $11.30.
Apollo Commercial Real Estate Finance Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.50%. The ex-dividend date of this dividend was Thursday, December 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is 74.47%.
Analyst’s Set New Price Targets
Several research firms recently commented on ARI. Bank Of America (Bofa) began coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. Bank of America restated a “neutral” rating and issued a $12.00 target price on shares in Apollo Commercial Real Estate Finance in a research report on Monday, November 21st. Credit Suisse Group lowered their target price on Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday, October 13th. StockNews.com began coverage on Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Apollo Commercial Real Estate Finance from $11.00 to $9.50 and set an “underweight” rating on the stock in a research report on Monday, October 24th.
Insiders Activity
In related news, CEO Stuart Rothstein bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were acquired at an average cost of $11.18 per share, for a total transaction of $167,700.00. Following the acquisition, the chief executive officer now directly owns 452,676 shares of the company’s stock, valued at approximately $5,060,917.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by insiders.
Hedge Funds Weigh In On Apollo Commercial Real Estate Finance
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Apollo Commercial Real Estate Finance by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 15,281,156 shares of the real estate investment trust’s stock worth $126,833,000 after acquiring an additional 158,216 shares during the last quarter. State Street Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 2.4% in the second quarter. State Street Corp now owns 5,263,454 shares of the real estate investment trust’s stock worth $56,764,000 after buying an additional 122,504 shares during the period. invesco ltd boosted its position in shares of Apollo Commercial Real Estate Finance by 24.6% in the first quarter. invesco ltd now owns 2,715,545 shares of the real estate investment trust’s stock worth $37,827,000 after buying an additional 536,101 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Commercial Real Estate Finance by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,422,681 shares of the real estate investment trust’s stock worth $19,819,000 after buying an additional 64,753 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock worth $19,200,000 after buying an additional 13,735 shares during the period. 54.57% of the stock is currently owned by institutional investors and hedge funds.
Apollo Commercial Real Estate Finance Company Profile
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Apollo Commercial Real Estate Finance, Inc is a real estate investment trust which originates, acquires, invests in, and manages performing commercial real estate mortgage loans, subordinate financings, and other commercial real estate-related debt investments. It offers loan programs that include senior loans, subordinate debt, bridge loans, and preferred equity.
Further Reading
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