Apollo Commercial Real Estate Finance (NYSE:ARI) Hits New 12-Month Low at $11.20

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Apollo Commercial Real Estate Finance, Inc. (NYSE:ARIGet Rating) hit a new 52-week low on Monday . The stock traded as low as $11.20 and last traded at $11.20, with a volume of 14554 shares traded. The stock had previously closed at $11.83.

A number of research analysts recently issued reports on ARI shares. StockNews.com started coverage on Apollo Commercial Real Estate Finance in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised their price target on Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, April 25th.

The business has a 50 day moving average of $12.77 and a 200-day moving average of $13.23. The stock has a market cap of $1.54 billion, a PE ratio of 10.66 and a beta of 1.25. The company has a current ratio of 66.05, a quick ratio of 66.05 and a debt-to-equity ratio of 2.85.

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) last announced its earnings results on Monday, April 25th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Apollo Commercial Real Estate Finance had a return on equity of 8.63% and a net margin of 70.24%. During the same period in the prior year, the company posted $0.36 EPS. Research analysts expect that Apollo Commercial Real Estate Finance, Inc. will post 1.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.40 annualized dividend and a dividend yield of 12.77%. Apollo Commercial Real Estate Finance’s dividend payout ratio is currently 126.13%.

In related news, Director Mark C. Biderman sold 10,000 shares of Apollo Commercial Real Estate Finance stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $12.68, for a total transaction of $126,800.00. Following the completion of the transaction, the director now directly owns 65,663 shares of the company’s stock, valued at $832,606.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARI. Marshall Wace North America L.P. acquired a new position in shares of Apollo Commercial Real Estate Finance in the first quarter worth $25,000. Geode Capital Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,449,579 shares of the real estate investment trust’s stock worth $36,327,000 after acquiring an additional 143,358 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the third quarter worth $2,631,000. Voya Investment Management LLC raised its holdings in shares of Apollo Commercial Real Estate Finance by 1.7% in the third quarter. Voya Investment Management LLC now owns 59,523 shares of the real estate investment trust’s stock worth $883,000 after acquiring an additional 969 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Apollo Commercial Real Estate Finance in the third quarter worth $83,000. 57.62% of the stock is owned by institutional investors.

Apollo Commercial Real Estate Finance Company Profile (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.

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