Apollo Commercial Real Estate Finance (NYSE:ARI) Shares Gap Down to $10.85
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $10.85, but opened at $10.49. Apollo Commercial Real Estate Finance shares last traded at $10.25, with a volume of 5,917 shares changing hands.
ARI has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Apollo Commercial Real Estate Finance in a research report on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. boosted their target price on shares in Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, April 25th.
The business’s fifty-day moving average is $11.81 and its 200-day moving average is $12.91. The stock has a market capitalization of $1.47 billion, a PE ratio of 9.41 and a beta of 1.25. The company has a quick ratio of 66.05, a current ratio of 66.05 and a debt-to-equity ratio of 2.85.
Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last released its earnings results on Monday, April 25th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Apollo Commercial Real Estate Finance had a net margin of 70.24% and a return on equity of 8.63%. During the same period in the prior year, the business earned $0.36 earnings per share. As a group, sell-side analysts anticipate that Apollo Commercial Real Estate Finance, Inc. will post 1.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.40 dividend on an annualized basis and a yield of 13.41%. Apollo Commercial Real Estate Finance’s payout ratio is 126.13%.
In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $12.68, for a total transaction of $126,800.00. Following the completion of the sale, the director now directly owns 65,663 shares in the company, valued at $832,606.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System grew its stake in Apollo Commercial Real Estate Finance by 1.5% during the first quarter. Maryland State Retirement & Pension System now owns 53,190 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 766 shares during the period. H&H Retirement Design & Management INC grew its stake in Apollo Commercial Real Estate Finance by 2.8% during the fourth quarter. H&H Retirement Design & Management INC now owns 29,818 shares of the real estate investment trust’s stock worth $381,000 after buying an additional 801 shares during the period. Mackenzie Financial Corp grew its stake in Apollo Commercial Real Estate Finance by 6.1% during the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 857 shares during the period. CIBC Asset Management Inc grew its stake in Apollo Commercial Real Estate Finance by 5.9% during the fourth quarter. CIBC Asset Management Inc now owns 17,817 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 990 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in Apollo Commercial Real Estate Finance by 83.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,000 shares during the period. Institutional investors own 57.62% of the company’s stock.
About Apollo Commercial Real Estate Finance (NYSE:ARI)
Apollo Commercial Real Estate Finance, Inc operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States. It is qualified as a REIT under the Internal Revenue Code.
So see
Receive News & Ratings for Apollo Commercial Real Estate Finance Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apollo Commercial Real Estate Finance and related companies with MarketBeat.com’s FREE daily email newsletter.