Apollo Commercial Real Estate Finance (ARI) Set to Announce Earnings on Monday

Apollo Commercial Real Estate Finance (NYSE:ARI) is scheduled to be posting its quarterly earnings results 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Apollo Commercial Real Estate Finance Stock Up 0.6 %

NYSE ARI opened at $10.80 on Friday. The company has a quick ratio of 67.73, a current ratio of 67.74 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $10.95 and a two-hundred day moving average of $11.00. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 35.98 and a beta of 1.67. Apollo Commercial Real Estate Finance has a 52 week low of $9.22 and a 52 week high of $12.74.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 12.97%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is 466.67%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America lowered shares of Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 price objective for the company. in a research note on Monday, March 4th. JPMorgan Chase & Co. decreased their target price on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Finally, TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.50.

Insider Transactions at Apollo Commercial Real Estate Finance

In other news, CEO Stuart Rothstein sold 40,000 shares of Apollo Commercial Real Estate Finance stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 415,292 shares in the company, valued at $4,402,095.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Apollo Commercial Real Estate Finance Company Profile

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.