Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI - Get Free Report) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $9.09, but opened at $9.46. Apollo Commercial Real Estate Finance shares last traded at $9.82, with a volume of 454,006 shares traded.
The real estate investment trust reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07. Apollo Commercial Real Estate Finance had a positive return on equity of 9.11% and a negative net margin of 35.84%.
Apollo Commercial Real Estate Finance Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.92%. The ex-dividend date was Tuesday, December 31st. Apollo Commercial Real Estate Finance's dividend payout ratio is presently -108.69%.
Wall Street Analyst Weigh In
ARI has been the subject of a number of recent analyst reports. StockNews.com raised shares of Apollo Commercial Real Estate Finance from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods decreased their target price on shares of 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 decreased their target price on shares of Apollo Commercial Real Estate Finance from $10.00 to $9.50 and set a "neutral" rating for the company in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their target price 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $9.31.
Read Our Latest Analysis on ARI
Institutional Trading of Apollo Commercial Real Estate Finance
Large investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in shares of Apollo Commercial Real Estate Finance by 139.4% during the 3rd quarter. Jane Street Group LLC now owns 302,388 shares of the real estate investment trust's stock worth $2,779,000 after buying an additional 176,101 shares during the period. Barclays PLC grew its position in shares of Apollo Commercial Real Estate Finance by 65.9% during the 3rd quarter. Barclays PLC now owns 329,462 shares of the real estate investment trust's stock worth $3,028,000 after buying an additional 130,892 shares during the period. Advisors Asset Management Inc. grew its position in shares of Apollo Commercial Real Estate Finance by 72.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 468,335 shares of the real estate investment trust's stock worth $4,304,000 after buying an additional 196,122 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Apollo Commercial Real Estate Finance during the 4th quarter worth approximately $93,000. Finally, Quest Partners LLC grew its position in shares of Apollo Commercial Real Estate Finance by 960.9% during the 3rd quarter. Quest Partners LLC now owns 101,641 shares of the real estate investment trust's stock worth $934,000 after buying an additional 92,060 shares during the period. Institutional investors and hedge funds own 54.43% of the company's stock.
Apollo Commercial Real Estate Finance Trading Up 0.1 %
The firm's 50-day moving average price is $9.00 and its 200 day moving average price is $9.35. 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 company has a market cap of $1.39 billion, a price-to-earnings ratio of -10.95 and a beta of 1.74.
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, the United Kingdom, and Europe.
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