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

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

Apollo Commercial Real Estate Finance Stock Up 0.7 %

Apollo Commercial Real Estate Finance stock opened at $10.80 on Friday. Apollo Commercial Real Estate Finance has a 1-year low of $9.22 and a 1-year high of $12.74. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.00 and a beta of 1.67. The firm’s fifty day moving average price is $10.95 and its two-hundred day moving average price is $11.01. The company has a current ratio of 67.74, a quick ratio of 67.73 and a debt-to-equity ratio of 0.57.

Apollo Commercial Real Estate Finance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.96%. The ex-dividend date of this dividend was Wednesday, March 27th. Apollo Commercial Real Estate Finance’s payout ratio is currently 466.67%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ARI. 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 target on the stock. in a research report on Monday, March 4th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, TheStreet raised shares of Apollo Commercial Real Estate Finance from a “d+” rating to a “c-” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.50.

Insider Buying and Selling

In related news, CEO Stuart Rothstein sold 40,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were 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 owns 415,292 shares in the company, valued at $4,402,095.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

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.