Apollo Commercial Real Estate Finance (NYSE:ARI) Announces Earnings Results

Apollo Commercial Real Estate Finance (NYSE:ARIGet Rating) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02, MarketWatch Earnings reports. Apollo Commercial Real Estate Finance had a net margin of 81.92% and a return on equity of 8.92%. During the same quarter in the previous year, the company earned $0.36 EPS.

ARI opened at $12.74 on Wednesday. The firm has a 50 day moving average price of $13.58 and a 200-day moving average price of $13.87. The company has a quick ratio of 71.68, a current ratio of 71.68 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 9.10 and a beta of 1.24. Apollo Commercial Real Estate Finance has a twelve month low of $12.10 and a twelve month high of $16.94.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were paid a $0.35 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.40 annualized dividend and a dividend yield of 10.99%. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 100.00%.

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its position in Apollo Commercial Real Estate Finance by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 194,704 shares of the real estate investment trust’s stock valued at $2,562,000 after purchasing an additional 4,205 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Apollo Commercial Real Estate Finance by 182.9% during the fourth quarter. Penserra Capital Management LLC now owns 15,953 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 10,313 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Apollo Commercial Real Estate Finance by 25.4% during the 4th quarter. Stifel Financial Corp now owns 71,974 shares of the real estate investment trust’s stock valued at $947,000 after acquiring an additional 14,571 shares during the last quarter. Legal & General Group Plc boosted its stake in Apollo Commercial Real Estate Finance by 3.9% during the fourth quarter. Legal & General Group Plc now owns 382,710 shares of the real estate investment trust’s stock worth $5,037,000 after buying an additional 14,498 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Apollo Commercial Real Estate Finance by 1,694.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 206,885 shares of the real estate investment trust’s stock valued at $2,723,000 after purchasing an additional 195,357 shares during the period. Hedge funds and other institutional investors own 57.32% of the company’s stock.

ARI has been the topic of several recent research reports. Zacks Investment Research raised shares of Apollo Commercial Real Estate Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. JPMorgan Chase & Co. raised their price target on shares of Apollo Commercial Real Estate Finance from $13.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday. Finally, StockNews.com began coverage on shares of Apollo Commercial Real Estate Finance in a report on Thursday, March 31st. They issued a “hold” rating for the company.

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.

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Earnings History for Apollo Commercial Real Estate Finance (NYSE:ARI)

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