Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) will release its earnings data after the market close on Wednesday, February 8. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.35 per share for the quarter. People who would like to listen to the company’s earnings conference call can do so by using this link.
Apollo Commercial Real Estate Finance Trading up 2.6%
→ Cash holders are STILL not 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 rapid 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 company also recently declared a quarterly dividend, which was paid on Friday, January 13. Investors registered on Friday, December 30 received a $0.35 dividend. This represents an annualized dividend of $1.40 and a dividend yield of 11.50%. The ex-dividend date of this dividend was Thursday 29 December. Apollo Commercial Real Estate Finance’s Dividend Payout Ratio (DPR) is 74.47%.
Analysts set new price targets
Several research companies have recently commented on ARI. Bank Of America (Bofa) began coverage of Apollo Commercial Real Estate Finance in a research report on Tuesday, Nov. 22. They issued a “neutral” rating and a $12.00 price target on the stock. Bank of America reiterated a “neutral” rating and issued a $12.00 price target on Apollo Commercial Real Estate Finance shares in a research report on Monday, Nov. 21. Credit Suisse Group lowered its price target on Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday, October 13. StockNews.com began coverage of Apollo Commercial Real Estate Finance in a research report on Wednesday, October 12. They have issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lowered its price target 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, Oct. 24.
Internal activity
In related news, CEO Stuart Rothstein bought 15,000 shares of the company in a deal that took place on Monday, Nov. 7. The shares were purchased at an average cost of $11.18 per share, for a total transaction of $167,700.00. As a result of the acquisition, the CEO now directly owns 452,676 shares of the company, valued at approximately $5,060,917.68. The transaction was disclosed in a filing with the SEC, which can be accessed via the SEC’s website. 0.73% of the shares are owned by insiders.
Hedge funds weigh on Apollo Commercial Real Estate Finance
A number of hedge funds have recently changed their holdings into stocks. Vanguard Group Inc. increased its holdings of shares in Apollo Commercial Real Estate Finance by 1.0% in the third quarter. Vanguard Group Inc. now owns 15,281,156 shares of the real estate investment fund valued at $126,833,000 after acquiring an additional 158,216 shares during the most recent quarter. State Street Corp increased 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 fund valued at $56,764,000 after purchasing an additional 122,504 shares during the period. Invesco Ltd. increased 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 fund valued at $37,827,000 after purchasing an additional 536,101 shares during the period. Charles Schwab Investment Management Inc. increased its holding in Apollo Commercial Real Estate Finance shares by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,422,681 shares of the real estate investment fund valued at $19,819,000 after purchasing an additional 64,753 shares during the period. Finally, Bank of New York Mellon Corp increased 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 worth $19,200,000 after purchasing 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
(Get Rating)
Apollo Commercial Real Estate Finance, Inc is a real estate investment trust, which originates, acquires, invests and manages commercial real estate mortgage loans, subordinated loans and other debt investments related to commercial real estate. It offers loan programs that include senior loans, subordinated debt, bridge loans and preferred stock.
Further reading
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