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

Apollo Commercial Real Estate Finance (NYSE:ARI) will be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Apollo Commercial Real Estate Finance Stock Performance

Shares of Apollo Commercial Real Estate Finance stock opened at $10.80 on Friday. The business has a 50-day moving average of $10.95 and a 200 day moving average of $11.00. Apollo Commercial Real Estate Finance has a 12 month low of $9.22 and a 12 month high of $12.74. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 35.98 and a beta of 1.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 67.74 and a quick ratio of 67.73.

Apollo Commercial Real Estate Finance Dividend Announcement

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

Insider Buying and Selling at Apollo Commercial Real Estate Finance

In other Apollo Commercial Real Estate Finance news, CEO Stuart Rothstein sold 40,000 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $10.60, for a total value of $424,000.00. Following the sale, the chief executive officer now owns 415,292 shares of the company’s stock, valued at approximately $4,402,095.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ARI has been the subject of a number of research analyst reports. TheStreet upgraded Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a report on Wednesday, March 20th. Bank of America cut Apollo Commercial Real Estate Finance from a “neutral” rating to an “underperform” rating and set a $10.50 target price for the company. in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. reduced their price target on Apollo Commercial Real Estate Finance from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Commercial Real Estate Finance presently has a consensus rating of “Hold” and an average target price of $10.50.

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.