Apollo Commercial Real Estate Finance (NYSE:ARI) price gap narrows to $10.85


Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI – Get Rating) shares plunged ahead of Wednesday’s trading. The stock had previously closed at $10.85 but opened at $10.49. Apollo Commercial Real Estate Finance shares were last traded at $10.25 on volume of 5,917 shares changing hands.

ARI has been the subject of a number of analyst reports. StockNews.com began coverage on Apollo Commercial Real Estate Finance shares in a research report on Thursday, March 31st. They gave the company a “hold” rating. JPMorgan Chase & Co. raised its target price on Apollo Commercial Real Estate Finance shares to $13.50 from $13.00, giving the company a neutral rating in a report Monday, April 25.

The company’s 50-day moving average is $11.81 and its 200-day moving average is $12.91. The stock has a market cap of $1.47 billion, a P/E of 9.41 and a beta of 1.25. The company has a quick ratio of 66.05, a current ratio of 66.05 and a debt to equity ratio of 2.85.

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Rating) last reported its earnings results on Monday, April 25th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.35 for the quarter, beating analyst 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%. In the same period last year, the company generated earnings per share of $0.36. As a group, sell-side analysts expect Apollo Commercial Real Estate Finance, Inc. to post 1.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30 will receive a dividend of $0.35. The ex-dividend date of this dividend is Wednesday June 29th. That equates to a dividend of $1.40 on an annualized basis and a yield of 13.41%. Apollo Commercial Real Estate Finance’s payout ratio is 126.13%.

In other news from Apollo Commercial Real Estate Finance, Director Mark C. Biderman sold 10,000 shares of the company in a transaction that took place on Tuesday, May 17th. The shares sold at an average price of $12.68 for a total transaction of $126,800.00. Upon completion of the sale, the Director now directly owns 65,663 shares of the Company, valued at $832,606.84. The transaction was disclosed in a legal filing with the SEC available at this link. 0.73% of the shares are owned by insiders.

A number of institutional investors and hedge funds recently added to or reduced their stakes in the company. The Maryland State Retirement & Pension System increased its stake in Apollo Commercial Real Estate Finance by 1.5% in the first quarter. The Maryland State Retirement & Pension System now owns 53,190 shares of the Real Estate Investment Trust valued at $741,000 after purchasing an additional 766 shares during the period. H&H Retirement Design & Management INC increased its stake in Apollo Commercial Real Estate Finance by 2.8% in the fourth quarter. H&H Retirement Design & Management INC now owns 29,818 shares of Real Estate Investment Trust valued at $381,000 after purchasing an additional 801 shares during the period. Mackenzie Financial Corp increased its stake in Apollo Commercial Real Estate Finance by 6.1% in the first quarter. Mackenzie Financial Corp now owns 15,016 shares of the real estate investment trust worth $209,000 after purchasing an additional 857 shares during the period. CIBC Asset Management Inc increased its stake in Apollo Commercial Real Estate Finance by 5.9% in the fourth quarter. CIBC Asset Management Inc now owns 17,817 shares of the Real Estate Investment Trust valued at $234,000 after purchasing an additional 990 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Apollo Commercial Real Estate Finance by 83.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,200 shares of the Real Estate Investment Trust valued at $29,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 57.62% of the company’s shares.

About Apollo Commercial Real Estate Finance (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, subordinated financings and other commercial real estate-related debt investments in the United States. It qualifies as a REIT under the Internal Revenue Code.

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