Apollo Commercial Real Estate Finance (ARI) to Release Earnings on Tuesday
Apollo Commercial Real Estate Finance (NYSE:ARI) will report its earnings data after the market close on Tuesday, February 8th. Analysts expect Apollo Commercial Real Estate Finance to report earnings of $0.30 per share for the quarter. Individuals interested in participating in the Company’s earnings conference call can do so via this link.
NYSE:ARI shares opened at $13.65 on Tuesday. Apollo Commercial Real Estate Finance has a 12-month low of $11.02 and a 12-month high of $16.94. The company has a market cap of $1.91 billion, a P/E of 9.75 and a beta of 1.28. The company has a 50-day moving average of $13.54 and a 200-day moving average of $14.62. The company has a current ratio of 66.82, a quick ratio of 66.82 and a debt to equity ratio of 2.29.
The company also recently announced a quarterly dividend, which was paid on Saturday, January 15th. A dividend of $0.35 was paid to shareholders of record on Friday, December 31st. That equates to an annual dividend of $1.40 and a yield of 10.26%. The ex-dividend date of this dividend was Thursday December 30th. Apollo Commercial Real Estate Finance’s payout ratio is currently 100.00%.
In other news, Director Robert A. Kasdin sold 15,000 shares of the company’s stock in a transaction that took place on Wednesday, November 10th. The stock sold at an average price of $15.43 for a total value of $231,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. 0.46% of the shares are owned by insiders.
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A hedge fund recently acquired a new stake in Apollo Commercial Real Estate Finance stock. Janus Henderson Group PLC bought a new position in Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) during the third quarter, according to its recent filing with the Securities & Exchange Commission. The fund purchased 14,116 shares of the Real Estate Investment Trust for approximately $209,000. Hedge funds and other institutional investors own 58.15% of the company’s shares.
Separately, Zacks Investment Research upgraded Apollo Commercial Real Estate Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 28.
About Apollo Commercial Real Estate Finance
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires, invests and manages commercial real estate mortgage loans, subordinated financing and other commercial real estate debt investments. It offers lending programs that include senior loans, subordinated debt, bridge loans and preferred stock.
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