Apollo Commercial Real Estate Finance (ARI) Scheduled to Post Quarterly Earnings on Tuesday

[view original post]

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 26th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last issued its quarterly earnings data 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 quarter in the prior year, the business posted $0.36 earnings per share. On average, analysts expect Apollo Commercial Real Estate Finance to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Apollo Commercial Real Estate Finance Price Performance

NYSE ARI opened at $10.69 on Tuesday. The business’s fifty day moving average is $11.36 and its 200 day moving average is $12.69. Apollo Commercial Real Estate Finance has a fifty-two week low of $9.41 and a fifty-two week high of $15.98. The company has a debt-to-equity ratio of 2.85, a quick ratio of 66.05 and a current ratio of 66.05. The company has a market capitalization of $1.50 billion, a PE ratio of 9.63 and a beta of 1.28.

Apollo Commercial Real Estate Finance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, June 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.10%. Apollo Commercial Real Estate Finance’s dividend payout ratio (DPR) is presently 126.13%.

Analyst Ratings Changes

Several equities analysts have weighed in on ARI shares. StockNews.com assumed coverage on shares of Apollo Commercial Real Estate Finance in a report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, April 25th.

Insider Buying and Selling

In other Apollo Commercial Real Estate Finance news, Director Mark C. Biderman sold 10,000 shares of the 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 of the company’s stock, valued at approximately $832,606.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MAS Advisors LLC boosted its stake in Apollo Commercial Real Estate Finance by 17.1% during the first quarter. MAS Advisors LLC now owns 110,840 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 16,168 shares during the last quarter. Cetera Investment Advisers increased its stake in Apollo Commercial Real Estate Finance by 21.4% in the first quarter. Cetera Investment Advisers now owns 106,266 shares of the real estate investment trust’s stock worth $1,480,000 after purchasing an additional 18,762 shares during the period. MetLife Investment Management LLC raised its position in Apollo Commercial Real Estate Finance by 57.3% during the 1st quarter. MetLife Investment Management LLC now owns 73,379 shares of the real estate investment trust’s stock valued at $1,022,000 after purchasing an additional 26,742 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Apollo Commercial Real Estate Finance in the first quarter worth about $423,000. Finally, SVB Wealth LLC purchased a new position in Apollo Commercial Real Estate Finance in the first quarter valued at about $319,000. Hedge funds and other institutional investors own 57.62% of the company’s stock.

About Apollo Commercial Real Estate Finance

(Get Rating)

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.

See Also

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.