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

Apollo Commercial Real Estate Finance (NYSE:ARI – Get Free Report) will announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Apollo Commercial Real Estate Finance Stock Performance

Shares of ARI opened at $11.53 on Monday. The company’s fifty day moving average is $10.94 and its 200-day moving average is $10.68. Apollo Commercial Real Estate Finance has a 12 month low of $7.91 and a 12 month high of $13.10. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 6.30 and a beta of 1.61. The company has a quick ratio of 42.44, a current ratio of 42.44 and a debt-to-equity ratio of 0.63.

Apollo Commercial Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.14%. The ex-dividend date was Thursday, June 29th. Apollo Commercial Real Estate Finance’s dividend payout ratio is presently 76.50%.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $11.80, for a total transaction of $472,000.00. Following the sale, the chief executive officer now directly owns 530,766 shares in the company, valued at approximately $6,263,038.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Apollo Commercial Real Estate Finance news, Director Robert A. Kasdin bought 25,000 shares of Apollo Commercial Real Estate Finance stock in a transaction dated Monday, May 8th. The shares were bought at an average price of $9.54 per share, with a total value of $238,500.00. Following the purchase, the director now owns 85,739 shares of the company’s stock, valued at $817,950.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $11.80, for a total transaction of $472,000.00. Following the completion of the transaction, the chief executive officer now directly owns 530,766 shares in the company, valued at $6,263,038.80. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. MAS Advisors LLC increased its holdings in Apollo Commercial Real Estate Finance by 17.1% during the 1st quarter. MAS Advisors LLC now owns 110,840 shares of the real estate investment trust’s stock worth $1,535,000 after purchasing an additional 16,168 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Apollo Commercial Real Estate Finance by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 1,378,310 shares of the real estate investment trust’s stock valued at $19,200,000 after purchasing an additional 13,735 shares during the last quarter. Natixis Advisors L.P. grew its position in Apollo Commercial Real Estate Finance by 28.0% in the first quarter. Natixis Advisors L.P. now owns 22,392 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 4,899 shares in the last quarter. MetLife Investment Management LLC grew its position in Apollo Commercial Real Estate Finance by 57.3% in the first 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. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Apollo Commercial Real Estate Finance by 14.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 113,890 shares of the real estate investment trust’s stock valued at $1,586,000 after purchasing an additional 14,502 shares in the last quarter. Institutional investors and hedge funds own 55.66% of the company’s stock.

Analysts Set New Price Targets

ARI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Apollo Commercial Real Estate Finance from $11.00 to $9.00 in a research note on Monday, April 24th. StockNews.com began coverage on shares of Apollo Commercial Real Estate Finance in a research note on Thursday, May 18th. They set a “hold” rating for the company. BTIG Research reissued a “neutral” rating on shares of Apollo Commercial Real Estate Finance in a report on Tuesday, April 25th. Finally, Keefe, Bruyette & Woods dropped their target price on Apollo Commercial Real Estate Finance from $11.50 to $10.00 and set a “market perform” rating for the company in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of “Hold” and an average target price of $10.80.

About Apollo Commercial Real Estate Finance

(Get Free Report)

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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