Key Points
- Director Carmencita N.M. Whonder sold 4,574 shares of Apollo Commercial Real Estate Finance at an average price of $10.93, worth about $49,994. After the sale, she still owned 24,799 shares, a 15.57% reduction in her position.
- ARI shares were down about 1.1% and opened at $10.85, near the middle of its 52-week range of $9.39 to $11.24. The company has a market cap of $1.44 billion and a dividend yield of 9.2%.
- The latest quarterly results missed expectations, with EPS of $0.22 versus the $0.29 estimate and revenue of $58.63 million below forecasts. Analysts currently have a consensus rating of Hold with an average target price of $11.13.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) Director Carmencita N.M. Whonder sold 4,574 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $10.93, for a total value of $49,993.82. Following the completion of the sale, the director owned 24,799 shares in the company, valued at approximately $271,053.07. This represents a 15.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Apollo Commercial Real Estate Finance Trading Down 1.1%
Apollo Commercial Real Estate Finance stock opened at $10.85 on Friday. The company has a current ratio of 81.81, a quick ratio of 81.80 and a debt-to-equity ratio of 0.68. Apollo Commercial Real Estate Finance has a 12 month low of $9.39 and a 12 month high of $11.24. The stock's 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $10.37. The firm has a market cap of $1.44 billion, a PE ratio of 13.39 and a beta of 1.37.
Apollo Commercial Real Estate Finance (NYSE:ARI - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). Apollo Commercial Real Estate Finance had a return on equity of 7.87% and a net margin of 48.01%.The company had revenue of $58.63 million during the quarter, compared to analysts' expectations of $77.85 million. Analysts anticipate that Apollo Commercial Real Estate Finance will post 0.88 earnings per share for the current year.
Apollo Commercial Real Estate Finance Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.2%. Apollo Commercial Real Estate Finance's dividend payout ratio (DPR) is 123.46%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in ARI. GAMMA Investing LLC lifted its position in shares of Apollo Commercial Real Estate Finance by 60.4% during the 4th quarter. GAMMA Investing LLC now owns 2,832 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 1,066 shares in the last quarter. Bessemer Group Inc. raised its stake in Apollo Commercial Real Estate Finance by 388.7% in the 1st quarter. Bessemer Group Inc. now owns 3,255 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 2,589 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 60.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,037 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,892 shares during the last quarter. Parallel Advisors LLC raised its stake in Apollo Commercial Real Estate Finance by 61.7% in the 1st quarter. Parallel Advisors LLC now owns 4,656 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Apollo Commercial Real Estate Finance in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 54.43% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ARI. Bank of America began coverage on Apollo Commercial Real Estate Finance in a research report on Tuesday, May 5th. They set a "neutral" rating and a $11.50 target price on the stock. Keefe, Bruyette & Woods increased their target price on Apollo Commercial Real Estate Finance from $10.75 to $11.50 and gave the company an "outperform" rating in a research report on Thursday, February 12th. Zacks Research upgraded Apollo Commercial Real Estate Finance from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Finally, Wall Street Zen lowered Apollo Commercial Real Estate Finance from a "hold" rating to a "sell" rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Apollo Commercial Real Estate Finance has a consensus rating of "Hold" and an average target price of $11.13.
Get Our Latest Research Report on ARI
About Apollo Commercial Real Estate Finance
(
Get Free Report)
Apollo Commercial Real Estate Finance, Inc (NYSE: ARI) is a real estate finance company structured as a real estate investment trust (REIT). The company focuses on originating, acquiring and managing a diversified portfolio of commercial real estate debt and preferred equity investments. As an externally managed vehicle, ARI leverages the expertise and resources of an affiliate of Apollo Global Management, a leading global alternative investment manager.
ARI's investment strategy is centered on providing first mortgage loans, mezzanine debt financing, bridge loans and preferred equity across a broad range of property types, including office, retail, industrial and multifamily assets.
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