Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.07, Zacks reports. Apollo Commercial Real Estate Finance had a negative net margin of 35.84% and a positive return on equity of 9.11%.
Apollo Commercial Real Estate Finance Stock Performance
NYSE:ARI traded up $0.15 during mid-day trading on Thursday, hitting $10.07. 1,083,775 shares of the company's stock traded hands, compared to its average volume of 972,251. Apollo Commercial Real Estate Finance has a 12 month low of $8.44 and a 12 month high of $11.64. The company has a current ratio of 46.13, a quick ratio of 46.13 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -10.94 and a beta of 1.74. The firm has a 50 day moving average of $9.00 and a two-hundred day moving average of $9.35.
Apollo Commercial Real Estate Finance Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio is -105.26%.
Wall Street Analyst Weigh In
Several research firms have weighed in on ARI. Keefe, Bruyette & Woods dropped their price target on Apollo Commercial Real Estate Finance from $9.00 to $8.75 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. UBS Group reduced their target price on Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on shares of Apollo Commercial Real Estate Finance from $9.50 to $8.50 and set a "neutral" rating for the company in a research report on Thursday, October 17th. Finally, StockNews.com raised Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Apollo Commercial Real Estate Finance currently has an average rating of "Hold" and a consensus target price of $9.31.
Read Our Latest Stock Analysis on ARI
Apollo Commercial Real Estate Finance Company Profile
(
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, the United Kingdom, and Europe.
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