Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) will release earnings data after the market close on Wednesday, Feb. 8. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.35 per share in the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
Apollo commercial real estate finance deal up 2.6%
NYSE ARI shares opened Wednesday at $12.17. The company has a market capitalization of $1.71 billion, a price/earnings ratio of 6.47 and a beta of 1.55. Apollo Commercial Real Estate Finance hit 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 has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $11.30.
Apollo Commercial Real Estate Finance Announces Dividend
The business recently announced a quarterly dividend, which was paid out on Friday, January 13th. A dividend of $0.35 was issued to investors of record on Friday, December 30th. This represents his $1.40 dividend and his 11.50% dividend yield on an annualized basis. The ex-dividend date for this dividend was Thursday, December 29. Apollo Commercial Real Estate Finance has a dividend payout ratio (DPR) of 74.47%.
Analyst sets new price target
Several research firms have recently commented on ARI. Bank of America (Bofa) began reporting on Apollo Commercial Real Estate Finance in an investigative report on Tuesday, November 22nd. They issued a “neutral” rating and a price target of $12.00. Bank of America reiterated its “neutral” rating in a research report on Monday, Nov. 21, and issued a target price of $12.00 to shares of Apollo Commercial Real Estate Finance. Credit Suisse Group lowered its target price for Apollo Commercial Real Estate Finance to $11.00 in a research report on Thursday, October 13th. StockNews.com began covering 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 its price target for Apollo Commercial Real Estate Finance from $11.00 to $9.50, giving the stock an ‘underweight’ rating, in a research report on Monday, Oct. 24. .
Insider activity
In related news, CEO Stuart Rothstein purchased 15,000 shares of the company’s stock in a transaction that took place on Monday, November 7th. Shares were acquired at an average price of $11.18 per share and the total transaction value was $167,700.00. Post-acquisition, the CEO now directly owns 452,676 shares of the company’s stock valued at approximately $5,060,917.68. The transaction was disclosed in SEC filings that can be accessed through the SEC’s website. His 0.73% of shares are owned by insiders.
Hedge Fund Joins Apollo Commercial Real Estate Financing
Many hedge funds have recently changed their stock holdings. Vanguard Group Inc. increased his stake in Apollo Commercial Real Estate Finance by 1.0% in the third quarter. Vanguard Group Inc. now owns 15,281,156 real estate investment trust shares valued at $126,833,000 after acquiring an additional 158,216 shares during the previous quarter. State Street Corp boosted his position in Apollo Commercial Real Estate Finance stock by 2.4% in the second quarter. State Street Corp now owns 5,263,454 real estate investment trust shares, valued at $56,764,000, after purchasing an additional 122,504 shares during this 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 real estate investment trust shares valued at $37,827,000 after purchasing an additional 536,101 shares during this 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. owns 1,422,681 real estate investment trust shares worth $19,819,000 after he purchased an additional 64,753 shares during this period. Finally, Bank of New York Mellon Corp increased its Apollo Commercial Real Estate Finance equity position by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares worth $19,200,000 in the real estate investment trust after purchasing an additional 13,735 shares during this period. Currently 54.57% of the shares are 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 that originates, acquires, invests and manages commercial real estate mortgage loans, subordinated loans and other commercial real estate related debt investments. We offer loan programs that include senior loans, subordinated loans, bridge loans and preferred stock.
References
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