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

Apollo Commercial Real Estate Finance (NYSE:ARI) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect Apollo Commercial Real Estate Finance to post earnings of $0.35 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Apollo Commercial Real Estate Finance Price Performance

Shares of ARI opened at $10.72 on Monday. The firm has a market capitalization of $1.52 billion, a PE ratio of 35.73 and a beta of 1.67. The stock has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $10.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 67.73 and a current ratio of 67.74. Apollo Commercial Real Estate Finance has a 52-week low of $9.13 and a 52-week high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 13.06%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is 466.67%.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $10.60, for a total transaction of $424,000.00. Following the sale, the chief executive officer now owns 415,292 shares in the company, valued at approximately $4,402,095.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Apollo Commercial Real Estate Finance

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Apollo Commercial Real Estate Finance by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 15,281,156 shares of the real estate investment trust’s stock worth $126,833,000 after purchasing an additional 158,216 shares in the last quarter. State Street Corp raised its stake in shares of Apollo Commercial Real Estate Finance by 2.4% during the 2nd quarter. State Street Corp now owns 5,263,454 shares of the real estate investment trust’s stock worth $56,764,000 after purchasing an additional 122,504 shares in the last quarter. Invesco Ltd. raised its stake in shares of Apollo Commercial Real Estate Finance by 24.6% during the 1st quarter. Invesco Ltd. now owns 2,715,545 shares of the real estate investment trust’s stock worth $37,827,000 after purchasing an additional 536,101 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Apollo Commercial Real Estate Finance by 3.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,688,446 shares of the real estate investment trust’s stock worth $30,433,000 after purchasing an additional 101,488 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Apollo Commercial Real Estate Finance by 2.4% during the 4th quarter. Morgan Stanley now owns 2,147,268 shares of the real estate investment trust’s stock worth $23,105,000 after purchasing an additional 50,400 shares in the last quarter. Institutional investors own 54.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ARI. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price on the stock. in a research note on Monday, March 4th. JPMorgan Chase & Co. cut their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Finally, TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance presently has an average rating of “Hold” and an average price target of $10.50.

About Apollo Commercial Real Estate Finance

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, the United Kingdom, and Europe.